Insider Trading June 16, 2026 09:04 AM

Nerdy CEO Charles K. Cohn Acquires $250K in Company Stock via Trust

Executive purchase occurs as shares trade near 52-week lows, with valuation metrics suggesting potential upside.

By Marcus Reed
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NRDY

Charles K. Cohn, Chief Executive Officer of Nerdy Inc. (NASDAQ:NRDY), executed a significant purchase of company equity on June 15, 2026, acquiring 250,007 shares of Class A Common Stock. The transaction, valued at $250,007, was facilitated through the Charles K. Cohn Revocable Trust Agreement dated February 10, 2016. These shares were bought within a price range of $0.97 to $1.01 each. This acquisition takes place while NRDY stock is trading at $0.94, a level close to its 52-week low of $0.75. According to InvestingPro analysis, the stock appears undervalued relative to its estimated Fair Value of $1.40. Following this transaction, the aforementioned trust now holds a total of 978,311 shares of Class A Common Stock. Mr. Cohn maintains substantial indirect and direct equity positions in Nerdy through various trusts and entities, including the Cohn Family Trust 5/24/18 holding 1,540,307 shares, the Cohn Family Trust U/A/D 3/16/2017 with 32,867,174 shares, and Cohn Family Investments Trust dtd 5/24/18 with 1,278,512 shares. Additionally, Rarefied Air Capital LLC, owned by three specific Cohn Family Trusts, holds an indirect position of 13,194,231 shares. Direct holdings include 9,258,298 shares in the form of Restricted Stock Units (RSUs). These RSUs vest in seven equal tranches upon the company achieving specific share price targets ranging from $18.00 to $42.00 per share over a 90-calendar-day period, with unvested portions expiring on September 20, 2028. The company recently reported its first-quarter 2026 earnings, meeting EPS forecasts of -$0.03 and surpassing revenue expectations with $48.7 million against a projected $47.1 million. Furthermore, Nerdy announced a consulting and separation agreement with former CFO Jason Pello, who departed on April 3 and will serve as a consultant through October 3 for $223,125 in payments. Current market data shows NRDY at $0.935, down $0.062 (-6.22%) on June 15, with pre-market trading at $0.98, up $0.045 (+4.81%).

Nerdy CEO Charles K. Cohn Acquires $250K in Company Stock via Trust
NRDY
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Key Points

  • CEO Charles K. Cohn purchased 250,007 shares of NRDY at $0.97-$1.01 per share, bringing his trust's total holdings to 978,311 shares.
  • Nerdy Inc. reported Q1 2026 revenue of $48.7 million, beating the $47.1 million forecast, while meeting EPS expectations of -$0.03.
  • Former CFO Jason Pello will serve as a consultant through October 3 under a separation agreement, receiving $223,125 in payments.

Charles K. Cohn, the Chief Executive Officer of Nerdy Inc. (NASDAQ:NRDY), has executed a notable acquisition of company equity, purchasing 250,007 shares of Class A Common Stock on June 15, 2026. The transaction, valued at $250,007, was processed through the Charles K. Cohn Revocable Trust Agreement dated February 10, 2016. Each share was acquired at prices fluctuating between $0.97 and $1.01. This purchase occurs against a backdrop of depressed equity valuations, with NRDY trading at $0.94, a level hovering near its 52-week low of $0.75. According to InvestingPro analysis, the stock appears undervalued at current levels, with a Fair Value of $1.40.

Following this transaction, the Charles K. Cohn Revocable Trust Agreement Dated February 10, 2016, holds 978,311 shares of Class A Common Stock. Mr. Cohn also holds additional indirect and direct stakes in Nerdy. These include 1,540,307 shares held by the Cohn Family Trust 5/24/18, 32,867,174 shares by the Cohn Family Trust U/A/D 3/16/2017, and 1,278,512 shares by the Cohn Family Investments Trust dtd 5/24/18. An indirect holding of 13,194,231 shares is attributed to Rarefied Air Capital LLC, an entity owned by three trusts: Cohn Family Trust U/A/D 3/16/2017, The Cohn Family Investments Trust 05/24/18, and 2018 Cohn Family Trust U/A/D 5/24/2018.

Additionally, Mr. Cohn holds 9,258,298 shares directly in the form of Restricted Stock Units (RSUs). These RSUs represent the contingent right to receive one share of Class A Common Stock each and vest in seven equal tranches upon the company achieving specific share price target milestones ranging from $18.00 to $42.00 per share, measured over a 90-calendar-day period. Any unvested RSUs are set to expire on September 20, 2028. For deeper insights into NRDY’s valuation and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.NerdyFollowAnalyze NRDYIncluded in our AI-picked strategies·Review strategies0.935▼-0.062(-6.22%)Closed·15/06·USD0.98▲+0.045(+4.81%)Pre Market·09:09:441D1W1M6M1Y5YMaxCreated with Highcharts 11.4.814:0015:0016:0017:0018:0019:000.90.951Analyze NRDY

In other recent news, Nerdy Inc. reported its first-quarter 2026 earnings, meeting its earnings per share (EPS) forecast of -$0.03. The company surpassed revenue expectations, achieving $48.7 million compared to the projected $47.1 million. This revenue beat marks a positive development for the company, despite mixed investor sentiment. Additionally, Nerdy Inc. announced a consulting and separation agreement with its former Chief Financial Officer, Jason Pello. Pello, who officially departed as CFO on April 3, will continue to serve as a consultant through October 3. Under this agreement, he will receive total consulting payments amounting to $223,125. These recent developments highlight important changes and achievements within Nerdy Inc.

Risks

  • The stock is trading near its 52-week low of $0.75, indicating potential downward pressure or market skepticism.
  • Mixed investor sentiment persists despite the revenue beat, suggesting uncertainty about future performance.
  • RSUs vest only upon achieving specific share price targets ($18.00-$42.00), creating dependency on stock performance for executive compensation realization.

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