Nerdy Inc’s chief legal officer sells $24k in stock

Nerdy Inc. (NYSE:NRDY) Chief Legal Officer Christopher C. Swenson sold 28,810 shares of Class A Common Stock on November 17, 2025, at a price of $0.84, for a total transaction value of $24,200. The stock, which InvestingPro analysis indicates is trading below its Fair Value, has declined over 50% in the past six months.

According to a Form 4 filing with the Securities and Exchange Commission, the sale was executed to cover taxes due as a result of the vesting of 63,353 restricted stock units. The shares were automatically sold pursuant to Nerdy Inc’s sell-to-cover program to satisfy federal and state tax withholding obligations.

Following the transaction, Swenson directly owns 1,509,587 shares of Class A Common Stock, which includes 1,074,480 shares of Class A Common Stock and 435,107 restricted stock units.Nerdy Inc., with a market capitalization of $205.5 million, maintains impressive gross profit margins of 62.2% despite recent challenges. InvestingPro identifies that the company holds more cash than debt on its balance sheet. Discover more insights with InvestingPro’s comprehensive research report, available for over 1,400 US equities including NRDY.

In other recent news, Nerdy Inc. reported its third-quarter 2025 earnings, revealing a slight revenue decline to $37 million, which marks a 1% decrease compared to the same period last year. Despite the revenue dip, the company improved its adjusted EBITDA loss to $10.2 million from a $14 million loss in the previous year. The revenue performance was attributed to product launch delays and technical debt, impacting the expected momentum during the back-to-school period. Analysts from Goldman Sachs and Cantor Fitzgerald both lowered their price targets for Nerdy to $1.00 from $1.50, maintaining a Neutral rating. Goldman Sachs cited the product delays as a reason for the revenue shortfall. Cantor Fitzgerald noted a slight revenue miss compared to FactSet consensus estimates but highlighted Nerdy’s better-than-expected performance on profitability metrics, including operating income, earnings per share, and free cash flow. These developments reflect mixed outcomes for Nerdy as it navigates platform overhauls and product challenges.

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