InsiderTrades

Form 4 for NRDY Nerdy Inc.

Accepted 2023-09-29 00:00:00 ET · period of report 2023-09-28 · accession 0001628280-23-033333 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
D 2023-09-29 2023-09-28 NRDY Swenson Christopher C. CLO A - Grant — +1,072 1.29M +0.1% —
DM 2023-09-29 2023-09-28 NRDY Swenson Christopher C. CLO D - Sale to Iss — -49.9K 0 -100% —
DM 2023-09-29 2023-09-28 NRDY Swenson Christopher C. CLO A - Grant — +15.7K 1.03M +2% —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Class A Common Stock 2023-09-28 A A 1,072 — 1,288,248 D — — (F1) On September 28, 2023, pursuant to the Issuer's previously announced exchange offer, the reporting person exchanged an aggregate of 4,291 warrants to purchase Class A Common Stock for 1,072 shares of Class A Common Stock, and an aggregate of 17,303 warrants to purchase Class B Common Stock for 4,325 shares of Class B Common Stock.
2 Derivative Earnout Shares 2023-09-28 D D 28,314 — 0 D — · — to — 28,314 Class B Common Stock (F2) On September 28, 2023, pursuant to the concurrent earnout transaction, the reporting person forfeited 16,989 shares of Class A Common Stock that were subject to forfeiture (the Earnout Shares), and removed the forfeiture restrictions on 11,325 Earnout Shares.
3 Derivative Class B Common Stock 2023-09-28 A A 4,325 — 1,033,399 D — · — to — 4,325 Class A Common Stock (F1) On September 28, 2023, pursuant to the Issuer's previously announced exchange offer, the reporting person exchanged an aggregate of 4,291 warrants to purchase Class A Common Stock for 1,072 shares of Class A Common Stock, and an aggregate of 17,303 warrants to purchase Class B Common Stock for 4,325 shares of Class B Common Stock. (F3) 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.
4 Derivative Class B Common Stock 2023-09-28 A A 11,325 — 1,029,074 D — · — to — 11,325 Class A Common Stock (F2) On September 28, 2023, pursuant to the concurrent earnout transaction, the reporting person forfeited 16,989 shares of Class A Common Stock that were subject to forfeiture (the Earnout Shares), and removed the forfeiture restrictions on 11,325 Earnout Shares. (F3) 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.
5 Derivative Warrants to purchase 2023-09-28 D D 4,291 — 0 D $11.50 · 2021-12-08 to 2026-09-20 4,291 Class A Common Stock (F1) On September 28, 2023, pursuant to the Issuer's previously announced exchange offer, the reporting person exchanged an aggregate of 4,291 warrants to purchase Class A Common Stock for 1,072 shares of Class A Common Stock, and an aggregate of 17,303 warrants to purchase Class B Common Stock for 4,325 shares of Class B Common Stock.
6 Derivative Warrants to purchase 2023-09-28 D D 17,303 — 0 D — · — to — 17,303 Class B Common Stock (F1) On September 28, 2023, pursuant to the Issuer's previously announced exchange offer, the reporting person exchanged an aggregate of 4,291 warrants to purchase Class A Common Stock for 1,072 shares of Class A Common Stock, and an aggregate of 17,303 warrants to purchase Class B Common Stock for 4,325 shares of Class B Common Stock.