Chen Tim Chao-Ming 4

What Happened
Tim Chao-Ming, CEO of NerdWallet, had 15,309 shares withheld by the company on June 1, 2026 to satisfy tax withholding obligations arising from the vesting of Restricted Stock Units (RSUs). The withheld shares were valued at $8.75 each, totaling approximately $133,954. This was a tax-withholding disposition of shares (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date and price: June 1, 2026 — 15,309 shares at $8.75 per share.
• Total value of shares withheld: $133,954 (approx).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1 — Shares were withheld by the issuer to satisfy tax withholding due to RSU vesting.
  • F2 — Filing notes there are 45,710 RSUs payable solely in the issuer’s Class A common stock (related award quantity).
• Filing timeliness: Form filed June 3, 2026; appears to be timely (no late filing indicated).

Context
This was a routine tax-withholding action tied to RSU vesting (a common practice where the company retains some vested shares to cover taxes). Such withholdings are administrative and do not necessarily reflect the insider’s view of the company’s prospects. Transaction code F indicates tax withholding rather than a sale or purchase.