Nerdy Inc. (NYSE:NRDY) shares climbed 3.8% on Monday after the company disclosed that its Chairman, Founder and Chief Executive Officer, Chuck Cohn, bought $4.4 million worth of shares during the fourth quarter of 2025.
In a statement, the company said Cohn acquired 3.5 million shares in the open market at an average price of $1.24 per share between November 19 and December 16, 2025. Following these transactions, his total holding rose to 91.4 million shares of Nerdy common stock as of December 31, 2025.
The latest purchase is being viewed as a strong vote of confidence from the company’s top executive. Since Nerdy’s public listing in September 2021, Cohn has invested a cumulative $81.0 million in the company’s shares, corresponding to about 51.4 million shares purchased over that period.
Details of the fourth-quarter transactions were reported in Form 4 filings submitted to the U.S. Securities and Exchange Commission, in line with disclosure requirements for insider share purchases.