Nerdy Inc. CFO Departure Agreement and Consulting Arrangement

Nerdy Inc. filed an 8-K reporting that former Chief Financial Officer Jason Pello, who ceased serving as CFO effective April 3, 2026, entered into a comprehensive separation agreement with the company on May 21, 2026. The agreement includes a consulting arrangement where Pello will serve as a consultant through October 3, 2026, receiving aggregate consulting payments totaling $223,125. Additionally, the agreement provides for the continued vesting of 333,333 restricted stock units that were scheduled to vest on April 15, 2026 and May 15, 2026. The agreement contains a customary release of claims and becomes effective upon expiration of the applicable revocation period. The filing includes the full text of the Consulting Agreement, Departure Agreement, and General Release as Exhibit 10.1, which details the terms of Pello's transition from employee to independent contractor consultant, including compensation, equity treatment, non-disparagement provisions, and other separation terms.