Pello Jason H. 4
Research Summary
AI-generated summary
Nerdy (NRDY) CFO Jason Pello Sells 75,000 Shares
What Happened
- Jason H. Pello, Chief Financial Officer of Nerdy, sold 75,000 shares of the company's Class A common stock in an open-market sale on March 10, 2026. The weighted-average price was $0.92 per share, for gross proceeds of $69,000. This transaction is a sale (not a purchase or option exercise).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely).
- Price(s): weighted average $0.92; individual sales ranged from $0.86 to $0.97 (per filing footnote).
- Proceeds: approximately $69,000.
- Reported holdings: the filing notes beneficial ownership/representation of 1,019,286 Class A common shares and 1,551,949 restricted stock units (per filing footnote).
- Footnotes: The filing states the sale was not due to any disagreement with the company and Mr. Pello remains an officer. The reporting person can provide a transaction-by-transaction price breakdown on request.
Context
- This was an open-market sale by an executive. Sales are often routine (e.g., for personal liquidity or tax reasons) and do not necessarily signal a change in company outlook; purchases are generally more indicative of insider confidence. The filing provides transparency on price ranges and available detailed breakdowns if requested.