Hutter Robert J. 4

What Happened

• Robert J. Hutter, a director of Nerdy, received two derivative equity grants on April 30, 2026. The filing shows a grant of 34,677 derivative securities with an acquisition price of $0.62 per share (total reported value $21,500) and a separate grant of 241,935 derivative securities reported at $0.00. These awards were issued as compensation in lieu of cash board retainer and committee fees, per the filing. This is an equity award (not a market purchase or sale) and is routine compensation for board service.

Key Details

• Transaction date: 2026-04-30; Filing date (Accession): 2026-05-04 — filing appears timely.
• Grants: 34,677 units @ $0.62 (reported value $21,500); 241,935 units @ $0.00 (reported as derivative award).
• Shares owned after transaction: Not disclosed in the provided summary of the filing.
• Footnotes: F1 — Awards reflect Hutter’s election to receive some or all of his annual cash retainer and committee retainer in equity instead of cash. F2 — The stock options will vest on the earlier of (i) one year from grant or (ii) the next annual meeting of stockholders.
• Transaction code: A = Award/Grant (derivative securities).

Context

• These were compensatory grants to a board member rather than an open-market purchase or sale; such awards are common for directors who elect to take some or all of their retainer in equity. The filing treats the awards as derivative securities and includes a simple vesting schedule; it does not indicate any immediate sale or cashless exercise. As with most director compensation, this does not by itself indicate the director’s market view of the company.