Udell Stuart 4

What Happened Udell Stuart, a director of Nerdy Inc. (NRDY), received equity awards on 2026-04-30. The filing reports two derivative grants: 241,935 units reported at $0.00 (value reported $0) and 70,968 units at $0.62 each (total reported value $44,000). These were reported as awards/grants (transaction code A) and represent compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-30; Form 4 filed 2026-05-04 (filed within the two-business-day window).
• Grants: 241,935 derivative units @ $0.00 (reported $0) and 70,968 derivative units @ $0.62 (reported $44,000).
• Total derivative units granted: 312,903.
• Vesting: Per footnote, the stock options vest on the earlier of (i) one-year anniversary of the grant or (ii) the next annual meeting of stockholders.
• Reason: Footnote states these options reflect Mr. Stuart electing to receive all or part of his annual cash retainer (and committee retainers) in equity instead of cash.
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Transaction code: A = Award/Grant (derivative securities).

Context These are compensation awards (derivative stock options/equity grants) rather than purchases or sales—common for board retainer arrangements and not a direct market-buy signal. The vesting schedule and the conversion of cash retainer to equity are disclosed in the filing, clarifying these awards are part of routine director compensation.