Marshall Christopher P 4
4 · Nerdy Inc. · Filed May 5, 2023
Insider Transaction Report
Form 4
Nerdy Inc.NRDY
Marshall Christopher P
Director
Transactions
- Award
Stock Option (Right to Buy)
2023-05-03+71,497→ 71,497 totalExercise: $3.00From: 2024-05-04Exp: 2033-05-03→ Class A Common Stock (71,497 underlying) - Award
Stock Option (Right to Buy)
2023-05-03$2.10/sh+26,215$54,999→ 26,215 totalExercise: $3.00From: 2024-05-04Exp: 2033-05-03→ Class A Common Stock (26,215 underlying)
Footnotes (3)
- [F1]Mr. Marshall has sole voting and dispositive power over the options he holds directly. However, TCV VIII Management, L.L.C. has the right to 100% of the pecuniary interests in such options. Mr. Marshall is a member of TCV VIII Management, L.L.C. Mr. Marshall disclaims beneficial ownership of such options and the shares to be received upon the exercise of such options except to the extent of his pecuniary interest therein.
- [F2]The number of options issued reflects the value of the reporting person's annual cash retainer and additional annual retainer for committee memberships for the Nerdy Inc. board of directors. The reporting person has elected to have all or a portion of their annual cash retainer and additional annual retainer for committee memberships paid in the form of equity in lieu of cash compensation.
- [F3]The stock options will vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the next annual meeting of Nerdy Inc. stockholders.