Transaction overview
Christopher C. Swenson, the chief legal officer at Nerdy Inc. (NYSE: NRDY), executed an open-market sale of 69,796 shares of the company’s Class A common stock on April 16, 2026, according to a Securities and Exchange Commission filing. The shares were sold at $0.93 apiece, producing proceeds of $64,910. As of the filing, the stock was trading at $0.94, and the share price has been down roughly 35% over the past year.
Reason for the sale and mechanics
The filing states the sale was made to satisfy tax obligations that arose when 150,000 restricted stock units vested. All the shares disposed of in the transaction were sold automatically under Nerdy’s sell-to-cover program to meet federal and state tax withholding requirements for Mr. Swenson.
Insider holdings after the trade
Following the sale, Mr. Swenson directly holds a total of 1,934,580 shares. That aggregate comprises 1,193,995 shares of Class A common stock and 740,585 restricted stock units that remain outstanding.
Recent company financials
Nerdy’s fourth-quarter 2025 results show revenue of $49.1 million, which exceeded analyst expectations of $45.83 million. The reported figure represented a revenue surprise of 7.14% and a 2% increase versus the prior year for the same quarter.
Listing compliance notice
Separately, Nerdy has been notified by the New York Stock Exchange that the company is not in compliance with continued listing standards because its Class A common stock averaged below $1.00 over a consecutive 30 trading-day stretch. Under the notice, Nerdy has six months to cure the deficiency by achieving a closing price of at least $1.00. The company has stated its intention to address and rectify the situation.
Market context noted in filing
The filing referenced an InvestingPro analysis indicating NRDY appears undervalued at current levels and noted that the platform provides additional insights, including 10 more ProTips for investors evaluating the stock. The SEC filing contains the transaction details and the post-transaction holdings described above.
This article presents the factual record of the insider transaction, the company’s recent quarterly revenue performance, and the NYSE notice regarding listing compliance.