Swenson Christopher C. 4
4 · Nerdy Inc. · Filed Sep 29, 2023
Insider Transaction Report
Form 4
Nerdy Inc.NRDY
Swenson Christopher C.
Chief Legal Officer
Transactions
- Award
Class A Common Stock
2023-09-28+1,072→ 1,288,248 total - Disposition to Issuer
Earnout Shares
2023-09-28−28,314→ 0 total→ Class B Common Stock (28,314 underlying) - Disposition to Issuer
Warrants to purchase
2023-09-28−17,303→ 0 total→ Class B Common Stock (17,303 underlying) - Award
Class B Common Stock
2023-09-28+4,325→ 1,033,399 total→ Class A Common Stock (4,325 underlying) - Disposition to Issuer
Warrants to purchase
2023-09-28−4,291→ 0 totalExercise: $11.50From: 2021-12-08Exp: 2026-09-20→ Class A Common Stock (4,291 underlying) - Award
Class B Common Stock
2023-09-28+11,325→ 1,029,074 total→ Class A Common Stock (11,325 underlying)
Footnotes (3)
- [F1]On September 28, 2023, pursuant to the Issuer's previously announced exchange offer, the reporting person exchanged an aggregate of 4,291 warrants to purchase Class A Common Stock for 1,072 shares of Class A Common Stock, and an aggregate of 17,303 warrants to purchase Class B Common Stock for 4,325 shares of Class B Common Stock.
- [F2]On September 28, 2023, pursuant to the concurrent earnout transaction, the reporting person forfeited 16,989 shares of Class A Common Stock that were subject to forfeiture (the Earnout Shares), and removed the forfeiture restrictions on 11,325 Earnout Shares.
- [F3]Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder and in accordance with the terms of the Second Amended and Restated Operating Agreement of Nerdy LLC.