Filing Details
- Accession Number:
- 0001628280-22-023473
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-08-23 11:25:44
- Reporting Period:
- 2022-08-20
- Accepted Time:
- 2022-08-23 11:25:44
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1819404 | Nerdy Inc. | NRDY | Services-Educational Services (8200) | 981499860 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1880171 | K. Charles Cohn | 101 S. Hanley Road, Suite 300 St. Louis MO 63105 | Chief Executive Officer | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Class A Common Stock | Acquisiton | 2022-08-20 | 5,000,000 | $3.50 | 10,000,000 | No | 4 | P | Indirect | Rarefied Air Capital LLC |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | Rarefied Air Capital LLC |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Class A Common Stock | 110,704 | Indirect | By Cohn Family Investments Trust dtd 5/24/18 |
Class A Common Stock | 110,704 | Indirect | By Cohn Family Trust 5/24/18 |
Class A Common Stock | 9,258,298 | Direct |
Footnotes
- 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.
- Represents Restricted Stock Units ("RSUs") issued under the Nerdy Inc. 2021 Equity Incentive Plan, as amended. 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.