Cohn Charles K. 4

What Happened

• Charles K. Cohn, Chief Executive Officer of Nerdy Inc. (NRDY), reported an open-market purchase of 258,204 shares on June 11, 2026. The weighted-average price was $0.97 per share (range $0.94–$0.99), for a total reported value of approximately $250,458. This filing is a purchase (insider buy), which some investors view as a potentially bullish signal.

Key Details

• Transaction date: 2026-06-11 (reported on Form 4 filed 2026-06-12).
• Transaction type/code: Open-market purchase (P).
• Price: Weighted average $0.97; transaction prices ranged $0.94–$0.99 (see footnote F1).
• Shares acquired: 258,204; reported total value ≈ $250,458.
• Shares owned after transaction: Not specified in the provided Form 4 details.
• Timeliness: Filing appears timely (transaction 6/11; Form 4 filed 6/12).
• Notable footnotes:
  • F1: Price is a weighted average; breakdown by individual trades available on request.
  • F2: Disclosure about RSUs under the 2021 Equity Incentive Plan — RSUs vest only if share-price milestones ($18 to $42 at specified steps, measured by a 90‑day average) are met; unvested RSUs expire 9/20/2028.
  • F3: Rarefied Air Capital LLC is owned by three family trusts (listed in the filing).

Context

• This was a straight purchase of shares (not an option exercise, gift, or tax withholding). Purchases by executives can be interpreted by some investors as a sign of confidence, but filings are factual disclosures and do not state motivations. There is no indication in the filing of a 10b5-1 plan or a late filing.