Christopher C. Swenson, Chief Legal Officer at Nerdy Inc. (NASDAQ:NRDY), sold shares of the company’s Class A Common Stock totaling $18,236 on May 18, 2026, according to a recent SEC filing.
The transaction involved the disposal of 22,796 shares at a price of $0.80 per share. The sale was an open market transaction conducted to cover tax obligations arising from the vesting of 50,000 restricted stock units. These shares were automatically sold through Nerdy’s sell-to-cover program to satisfy federal and state tax withholding requirements for Mr. Swenson.
The sale comes as NRDY stock has declined 53% over the past year, currently trading at $0.81, near its 52-week low of $0.75. Despite the weak performance, Bond.az analysis suggests the stock is undervalued, with a Fair Value of $1.16.
Following this transaction, Mr. Swenson directly holds 1,911,784 shares, which includes 1,221,199 shares of Class A Common Stock and 690,585 restricted stock units.
In other recent news, Nerdy Inc. announced its first-quarter 2026 earnings results, meeting its EPS forecast of -$0.03. The company reported revenue of $48.7 million, surpassing the expected $47.1 million, indicating a stronger-than-anticipated performance.
