According to a Form 4 filing with the Securities and Exchange Commission, Nerdy Inc. (NYSE:NRDY) Chief Financial Officer Jason H. Pello sold 30,609 shares of the company's Class A Common Stock on March 16, 2026. The shares were sold at a per-share price of $0.90, producing proceeds of $27,548.
The filing clarifies the sale was executed through Nerdy Inc.'s sell-to-cover program to meet tax withholding obligations tied to the vesting and settlement of restricted stock units. The RSU vesting event involved 67,641 restricted stock units; the filing indicates the shares disposed of were automatically sold to cover the resulting taxes.
Following the transaction, Pello's reported direct holdings in Nerdy Inc. total 2,540,626 shares. That total comprises 1,056,318 shares of Class A Common Stock and 1,484,308 restricted stock units, as disclosed in the Form 4.
Market pricing noted in the filing shows the company's stock trading at $0.82, a level described as near its 52-week low of $0.77. The filing also references analysis from InvestingPro that assigns Nerdy a Fair Value of $1.23 and lists the company among the Most Undervalued stocks according to that analysis.
In related corporate developments, Nerdy reported fourth-quarter 2025 revenue of $49.1 million. That figure exceeded analyst expectations of $45.83 million, representing a 7.14% revenue surprise and a 2% increase versus the same period in the prior year.
Despite the revenue outperformance, the company has received a non-compliance notice from the New York Stock Exchange. The notice states Nerdy’s Class A Common Stock registered an average price below $1.00 over a consecutive 30 trading-day span. Nerdy has informed the NYSE of its intention to address the matter and has up to six months to meet the exchange's closing share price requirement to regain compliance.
For investors seeking more detailed analysis, the filing points to a comprehensive Pro Research Report on NRDY among more than 1,400 available reports that aim to translate complex company data into actionable intelligence.
What happened
- Jason H. Pello sold 30,609 shares of Nerdy Inc. Class A Common Stock on March 16, 2026, at $0.90 per share, for total proceeds of $27,548.
- The sale was conducted under the company's sell-to-cover program to satisfy tax obligations from the vesting of 67,641 restricted stock units.
- After the sale, Pello directly holds 2,540,626 shares, including 1,056,318 Class A shares and 1,484,308 restricted stock units.
Context from recent company filings
- Nerdy reported fourth-quarter 2025 revenue of $49.1 million, beating the analyst consensus of $45.83 million by 7.14% and up 2% year-over-year for the period.
- The New York Stock Exchange issued a non-compliance notice due to the company's Class A Common Stock averaging below $1.00 over a consecutive 30 trading-day period; Nerdy has six months to meet the required closing share price to regain compliance.
- InvestingPro analysis referenced in the filing assigns a Fair Value of $1.23 to Nerdy and lists it among its Most Undervalued stocks.