Cohn Charles K. 4
4 · Nerdy Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
Nerdy (NRDY) CEO Charles K. Cohn Buys 250,007 Shares
What Happened Charles K. Cohn, CEO of Nerdy Inc. (NRDY), reported purchasing 250,007 shares on 2026-06-15. The filing reports a weighted-average price of $1.00 per share, for a total transaction value of approximately $250,007. This was reported as a purchase (Form 4 code P), which is often interpreted by investors as a bullish signal compared with outright sales.
Key Details
- Transaction date: 2026-06-15; filing date: 2026-06-16 (appears timely).
- Price: weighted average $1.00 per share; actual trade prices ranged $0.97–$1.01 (see footnote F1).
- Shares acquired: 250,007; total value ≈ $250,007.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes:
- F1: Weighted-average price; multiple trades at $0.97–$1.01. Reporting person can provide per-trade detail on request.
- F2: Describes RSUs under the 2021 Equity Incentive Plan that vest only if seven share-price targets ($18–$42, measured by a 90-day average) are met; unvested RSUs expire 9/20/2028.
- F3: Notes Rarefied Air Capital LLC is owned by three family trusts (may relate to other holdings disclosed).
Context This is a straightforward open-market purchase by the CEO. Purchases by insiders can attract investor attention because they represent a direct personal investment in the company, but they do not on their own explain motivation or future performance. The RSU footnote describes separate equity awards with performance-based vesting and expiration terms; it does not change the nature of this cash purchase.
Insider Transaction Report
- Purchase
Class A Common Stock
[F1]2026-06-15$1.00/sh+250,007$250,007→ 978,311 total(indirect: By Trust)
- 1,540,307(indirect: By Trust)
Class A Common Stock
- 9,258,298
Class A Common Stock
[F2] - 13,194,231(indirect: By LLC)
Class A Common Stock
[F3] - 32,867,174(indirect: By Trust)
Class A Common Stock
- 1,278,512(indirect: By Trust)
Class A Common Stock
Footnotes (3)
- [F1]The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.97 to $1.01, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price at which the transactions were effected.
- [F2]Represents Restricted Stock Units ("RSUs") issued under the Nerdy Inc. 2021 Equity Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs shall vest in seven equal tranches upon the Issuer achieving each of seven share price target milestones that occur at $18.00, $22.00, $26.00, $30.00, $34.00, $38.00, and $42.00 per share, measured, based on the average of our stock price over a consecutive 90 calendar-day period during the performance period. Any unvested RSUs shall expire on September 20, 2028.
- [F3]Rarefied Air Capital LLC is owned by three trusts: Cohn Family Trust U/A/D 3/16/2017, The Cohn Family Investments Trust 05/24/18, and 2018 Cohn Family Trust U/A/D 5/24/2018.