Form 4: Nerdy Inc. CFO Jason H. Pello Sells Shares to Cover Taxes After RSU Vesting

Nerdy Inc.'s CFO, Jason H. Pello, sold 31,877 shares of Class A Common Stock on March 17, 2025, at a price of $1.54 per share to cover taxes related to the vesting of restricted stock units.

Summary

• On March 17, 2025, Jason H. Pello, the Chief Financial Officer of Nerdy Inc., sold 31,877 shares of Class A Common Stock.
• The sale was executed on the open market at a price of $1.54 per share.
• This transaction was conducted to cover taxes due as a result of the vesting of 67,641 restricted stock units (RSUs).
• The shares were automatically sold pursuant to Nerdy Inc.'s sell-to-cover program to satisfy federal and state tax withholding obligations.
• Following the transaction, Pello still beneficially owns 2,036,928 shares, consisting of 806,443 shares of Class A Common Stock and 1,230,485 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This sale is related to tax obligations from vested equity, a common occurrence.

Stakeholder Impact

• The sale of shares by an insider could have a minor negative impact on shareholder sentiment, but the reason for the sale (tax obligations) is understandable.

Key Dates

Keywords

Nerdy Inc., Jason H. Pello, CFO, Class A Common Stock, Restricted Stock Units, RSU, Sell-to-Cover, Beneficial Ownership, Form 4, Securities Exchange Act