UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June 3, 2025, the Compensation Committee (the “Committee”) of the Board of Directors of NerdWallet, Inc. (the “Company”) approved a grant of certain equity awards under the Company’s 2021 Equity Incentive Plan, as amended (the “2021 Equity Incentive Plan”), to Sam Yount, the Company’s Chief Business Officer, with an effective grant date of June 3, 2025. The equity awards consist of (a) 62,790 restricted stock units (“RSUs”) and (b) nonqualified options (“Options”) to purchase 125,581 shares of the Company’s Class A Common Stock, par value $0.0001 per share, at an exercise price of $10.80 per share. The RSUs will be on the Company’s standard terms and will generally vest on a quarterly basis, subject to Mr. Yount’s continued service, with 1/16 of the RSUs vesting on March 1, June 1, September 1, and December 1 of each year (or if such date is not a business day, the first business day thereafter) with the initial vesting to occur on September 1, 2025. The Options will be on the Company’s standard terms and will generally vest on a monthly basis, subject to Mr. Yount’s continued service, with 1/48 of the Options vesting on July 3, 2025 and 1/48 of the Options vesting on the 3rd day of each month thereafter.
In addition, on June 3, 2025, the Committee approved Mr. Yount’s participation in the Company’s Change of Control and Severance Policy.
The foregoing descriptions do not purport to be complete and are qualified in their entirety by reference to the Form of Stock Option Grant Notice, Stock Option Agreement and Notice of Exercise under the 2021 Equity Incentive Plan filed with the Company’s most recent 10-K as Exhibit 10.7 thereto, the Form of RSU Award Grant Notice and Award Agreement under the 2021 Equity Incentive Plan filed with the Company’s most recent 10-K as Exhibit 10.8 thereto, and the Amended and Restated Change of Control and Severance Policy filed with the Company’s most recent 10-K as Exhibit 10.15 thereto, each of which is incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
EXHIBIT INDEX
| Exhibit Number |
Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| NERDWALLET, INC. | ||||||
| Date: June 6, 2025 |
By: |
/s/ Ekumene M. Lysonge | ||||
| Ekumene M. Lysonge | ||||||
| Chief Legal Officer & Corporate Secretary | ||||||