Udell Stuart 4
4 · Nerdy Inc. · Filed Sep 29, 2023
Insider Transaction Report
Form 4
Nerdy Inc.NRDY
Udell Stuart
Director
Transactions
- Disposition to Issuer
Warrants to purchase
2023-09-28−551→ 0 total(indirect: By Trust)Exercise: $11.50From: 2021-10-09Exp: 2026-09-20→ Class B Common Stock (551 underlying) - Award
Class B Common Stock
2023-09-28+360→ 18,457 total(indirect: By Trust)→ Class A Common Stock (360 underlying) - Disposition to Issuer
Earnout Shares
2023-09-28−902→ 0 total(indirect: By Trust)→ Class B Common Stock (902 underlying) - Award
Class B Common Stock
2023-09-28+137→ 18,097 total(indirect: By Trust)→ Class A Common Stock (137 underlying)
Footnotes (3)
- [F1]On September 28, 2023, pursuant to the Issuer's previously announced exchange offer, the reporting person exchanged an aggregate of 551 warrants for 137 shares of Class B Common Stock.
- [F2]On September 28, 2023, pursuant to the concurrent earnout transaction, the reporting person forfeited 542 shares of Class B Common Stock that were subject to forfeiture (the Earnout Shares), and removed the forfeiture restrictions on 360 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.