Charles K. Cohn, who serves as the Chief Executive Officer, Director, and a ten percent owner of Nerdy Inc. (NASDAQ:NRDY), has executed a significant purchase of company equity. On June 12, 2026, Mr. Cohn acquired 251,081 shares of Nerdy Inc.'s Class A Common Stock. The aggregate value of this acquisition was recorded at $251,081.
The transaction was not executed as a single lump-sum purchase but rather was completed through multiple transactions. The shares were bought at prices fluctuating between $0.98 and $1.00 per share. The calculated weighted average price for these shares stands at exactly $1.00 per share. This acquisition was facilitated indirectly through the Charles K. Cohn Revocable Trust Agreement Dated February 10, 2016, rather than through personal direct ownership at the moment of purchase.
Timing of this acquisition is notable given recent market movements for Nerdy Inc. The NRDY stock has experienced a 23% surge over the past week. Despite this recent upward momentum, the shares remain down 22% over the preceding six months. Analytical data from InvestingPro suggests that the stock may currently be undervalued relative to its fundamentals. Nerdy Inc. currently maintains a market capitalization of $189.5 million. Investors seeking further analytical depth can access 13 additional ProTips for NRDY investors through the platform.
Following the execution of this latest transaction, Mr. Cohn’s indirect holdings through the Charles K. Cohn Revocable Trust Agreement Dated February 10, 2016 have increased to a total of 728,304 shares. His broader indirect equity portfolio includes substantial positions held through various other trusts and entities. Specifically, he holds 1,540,307 shares through the Cohn Family Trust 5/24/18. He also maintains a significant stake of 13,194,231 shares via Rarefied Air Capital LLC. Further indirect holdings include 32,867,174 shares through the Cohn Family Trust U/A/D 3/16/2017 and 1,278,512 shares through the Cohn Family Investments Trust dtd 5/24/18.
Ownership structure within Rarefied Air Capital LLC is dispersed across three distinct trusts: the Cohn Family Trust U/A/D 3/16/2017, The Cohn Family Investments Trust 05/24/18, and the 2018 Cohn Family Trust U/A/D 5/24/2018. In addition to these indirect holdings, Mr. Cohn holds 9,258,298 shares directly. These direct shares are structured as Restricted Stock Units (RSUs). These RSUs are subject to vesting conditions, specifically triggering upon the company achieving predefined share price targets.
Corporate developments at Nerdy Inc. extend beyond executive transactions. The company recently reported its financial results for the first quarter of 2026. The earnings per share (EPS) met the market forecast of -$0.03. Revenue performance exceeded analyst expectations, reaching $48.7 million compared to the projected $47.1 million.
Strategic personnel changes accompany these financial results. Nerdy Inc. announced a consulting and separation agreement with its former Chief Financial Officer, Jason Pello. Pello, whose departure from the CFO role was previously disclosed, will transition into a consultant role. His consulting tenure with the company will continue through October 3. Under the terms of the agreement, Pello will receive total consulting payments amounting to $223,125. These operational and financial updates constitute part of Nerdy’s recent strategic framework.