As of June 30, 2026, Legacy Nerdy Holders owned 63,730 OpCo Units, equal to 33.4% of the economic interest in Nerdy LLC, and 63,730 shares of Class B Common Stock. As of December 31, 2025, Legacy Nerdy Holders owned 64,395 OpCo Units equal to 34.3% of the economic interest in Nerdy LLC, and 64,395 shares of Class B Common Stock.

Nerdy Inc. owned 66.6% and 65.7% of the outstanding OpCo Units as of June 30, 2026 and December 31, 2025, respectively. The financial results of Nerdy LLC and its subsidiaries were consolidated with and into Nerdy Inc., and the portions of the consolidated net earnings (loss) of Nerdy LLC, which the Legacy Nerdy Holders were entitled to or required to absorb, was allocated to NCI. At the end of each reporting period, Nerdy LLC equity attributable to Nerdy Inc. and the Legacy Nerdy Holders was rebalanced to reflect Nerdy Inc.’s and the Legacy Nerdy Holders’ ownership in Nerdy LLC.


	As Of and For The Three Months Ended June 30,				As Of and For The Six Months Ended June 30,
	2026		2025		2026		2025
OpCo Units
Nerdy Inc.
Beginning of period	125,414		119,356		123,561		117,699
Vesting or exercise of equity awards	1,628		1,671		2,816		3,328
Conversion of Combined Interests into Class A Common Stock	—		—		665		—



End of period	127,042		121,027		127,042		121,027
Legacy Nerdy Holders
Beginning of period	63,730		64,395		64,395		64,395

Conversion of Combined Interests into Class A Common Stock	—		—		(665)		—



End of period	63,730		64,395		63,730		64,395
Total
Beginning of period	189,144		183,751		187,956		182,094
Vesting or exercise of equity awards	1,628		1,671		2,816		3,328




End of period	190,772		185,422		190,772		185,422
Ownership Percentage
Nerdy Inc.
Beginning of period	66.3	%	65.0	%	65.7	%	64.6	%
End of period	66.6	%	65.3	%	66.6	%	65.3	%
Legacy Nerdy Holders
Beginning of period	33.7	%	35.0	%	34.3	%	35.4	%
End of period	33.4	%	34.7	%	33.4	%	34.7	%