Filing Details

Accession Number:
0001628280-24-049416
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-11-27 17:13:41
Reporting Period:
2024-11-25
Accepted Time:
2024-11-27 17:13:41
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 8001 Forsyth Blvd., Suite 1050
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 2024-11-25 300,000 $1.44 25,082,433 No 4 P Indirect By Cohn Family Trust U/A/D 3/16/2017
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect By Cohn Family Trust U/A/D 3/16/2017
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Class B Common Stock Acquisiton 2024-11-25 150,000 $1.50 150,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,150,000 No 4 P Indirect
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Class A Common Stock 510,704 Indirect By Cohn Family Trust 5/24/18
Class A Common Stock 9,258,298 Direct
Class A Common Stock 13,025,870 Indirect Rarefied Air Capital LLC
Class A Common Stock 510,704 Indirect By Cohn Family Investments Trust dtd 5/24/18
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Class B Common Stock $0.00 11,275,428 11,275,428 Indirect
Class A Common Stock Class B Common Stock $0.00 29,789,570 29,789,570 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
11,275,428 11,275,428 Indirect
29,789,570 29,789,570 Indirect
Footnotes
  1. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.40 to $1.48, 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.
  2. 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.
  3. 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.
  4. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder and in accordance with the terms of the Second Amended and Restated Operating Agreement of Nerdy LLC.