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

Nerdy Inc.'s CFO, Jason H. Pello, sold 76,794 shares of Class A Common Stock at $1.67 per share to cover taxes resulting from the vesting of restricted stock units.

Summary

• On May 16, 2025, Jason H. Pello, the Chief Financial Officer of Nerdy Inc., sold 76,794 shares of Class A Common Stock.
• The sale was executed at a price of $1.67 per share.
• This transaction was an open market sale to cover taxes due as a result of the vesting of 164,930 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 beneficially owns 1,960,134 shares, including 894,579 shares of Class A Common Stock and 1,065,555 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The sale of shares by the CFO could have a minor, temporary impact on the stock price due to increased selling pressure.

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