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Nerdy Inc (NYSE:NRDY) Chief Executive Officer Charles K. Cohn has recently purchased 119,242 shares of the company’s Class A Common Stock, according to a Form 4 filing with the Securities and Exchange Commission. The transaction, which occurred on November 25, 2025, involved a total value of $138,320.
The shares were bought at a weighted average price of $1.16, with individual prices ranging from $1.10 to $1.18. The filing indicates that these shares were purchased by Cohn Family Trust 5/24/18. Following this transaction, the number of Class A Common Stock shares owned by Cohn Family Trust 5/24/18 is 1,395,524.
Cohn also directly owns 9,258,298 shares of Class A Common Stock, which represents Restricted Stock Units issued under the Nerdy Inc. 2021 Equity Incentive Plan. Rarefied Air Capital LLC holds 13,194,231 shares. Cohn Family Trust U/A/D 3/16/2017 holds 31,053,279 shares, and Cohn Family Investments Trust dtd 5/24/18 holds 810,704 shares.
In other recent news, Nerdy Inc. reported its third-quarter 2025 earnings, revealing a slight revenue decline to $37 million, marking a 1% decrease year-over-year. Despite this, the company showed improvement in profitability, with a narrower adjusted EBITDA loss of $10.2 million compared to a $14 million loss in the same quarter last year. Analysts from Goldman Sachs and Cantor Fitzgerald both lowered their price targets for Nerdy to $1.00 from $1.50, maintaining Neutral ratings. Goldman Sachs attributed the revenue shortfall to product launch delays and technical debt. Cantor Fitzgerald noted a slight revenue miss compared to FactSet consensus estimates but highlighted Nerdy’s performance in exceeding expectations on operating income, earnings per share, and free cash flow. These recent developments come as Nerdy undergoes a platform overhaul, impacting its financial outlook.
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