# EDGAR Filing Document

**Accession Number:** 0001819404
**File Stem:** 0001819404-23-000014
**Filing Date:** 2023-2
**Character Count:** 15877
**Document Hash:** 37e8865f50be6b02bc064b014074cf78
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001819404-23-000014.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001819404-23-000014

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**EFFECTIVENESS DATE**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nerdy Inc.
- **CENTRAL INDEX KEY:** 0001819404
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **IRS NUMBER:** 981499860
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-270092
- **FILM NUMBER:** 23685310

**BUSINESS ADDRESS:**
- **STREET 1:** 101 S. HANLEY RD., SUITE 300
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63105
- **BUSINESS PHONE:** (314) 412-1227

**MAIL ADDRESS:**
- **STREET 1:** 101 S. HANLEY RD., SUITE 300
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TPG Pace Tech Opportunities Corp.
- **DATE OF NAME CHANGE:** 20200728

**As filed with the Securities and Exchange Commission on February 28, 2023**

**Registration No. 333-**

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM S-8**

**REGISTRATION STATEMENT**

***Under***

***The Securities Act of 1933***

**NERDY INC.**

**(Exact name of registrant as specified in its charter)**

---

| | |
|:---|:---|
| **Delaware** | **98-1499860** |
| **(State or other jurisdiction of**<br>**incorporation or organization)** | **(I.R.S. Employer**<br>**Identification Number)** |

---

**Nerdy Inc.**

**101 S. Hanley Rd., Suite 300**

**St. Louis, MO 63105**

**Telephone: (314) 412-1227**

**(Address of Principal Executive Offices)**

**Christopher C. Swenson**

**Chief Legal Officer**

**Nerdy Inc.**

**101 S. Hanley Rd., Suite 300**

**St. Louis, MO 63105**

**(314) 412-1227**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)**

***Copies to:***

**John M. Mutkoski**

**Evyn W. Rabinowitz**

**Goodwin Procter LLP**

**100 Northern Avenue**

**Boston, Massachusetts 02210**

**(617) 570-1000**

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☒ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☒ |
| | | Emerging growth company | ☒ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities

Act. ☐

------

**EXPLANATORY NOTE** 

**REGISTRATION OF ADDITIONAL SECURITIES**

Nerdy Inc. (the "Registrant") is filing this Registration Statement on Form S-8 to register 9,846,530 additional shares of its Class A Common Stock under the Nerdy Inc. 2021 Equity Incentive Plan (the "Plan"), as amended, pursuant to the provisions of the Plan providing for an automatic increase on January 1, 2023, in the number of shares of Class A Common Stock, par value $0.0001 per share, reserved and available for issuance under the Plan. This Registration Statement relates solely to the registration of additional securities of the same class as other securities relating to the Plan for which a registration statement on this form relating to an employee benefit plan is effective. Pursuant to General Instruction E of Form S-8, this Registration Statement hereby incorporates by reference the contents of the registration statement on Form S-8 filed by the Registrant with the Securities and Exchange Commission (the "SEC") on May 6, 2022 (Registration No. 333-264744), which itself incorporated the registration statement on Form S-8 filed by the Registrant with the SEC on November 29, 2021 (Registration No. 333-261401).

**Part II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The registrant hereby incorporates by reference into this Registration Statement the following documents filed with the Commission:

(a) The registrant's Annual Report on Form 10-K for the year ended December 31, 2022, filed with the Commission on February 28, 2023;

(b) The description of the registrant's Class A Common Stock contained in the registrant's registration statement on Form 8-A (File No. 333-248594) filed by the registrant with the Commission under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on October 6, 2020, including any amendments or reports filed for the purpose of updating such description; and

(c) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the registrant's annual report referred to in (a) above, excluding any information furnished under Item 2.02 or Item 7.01 of any Current Report on Form 8-K.

All documents that the registrant subsequently files pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act prior to the filing of a post-effective amendment to this registration statement indicating that all of the shares of Class A Common Stock offered have been sold or which deregisters all of such shares then remaining unsold, shall be deemed to be incorporated by reference in this registration statement and to be a part hereof from the date of the filing of such documents.

Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this registration statement.

Under no circumstances will any information filed under current items 2.02 or 7.01 of any Current Report on Form 8-K be deemed incorporated herein by reference unless such Form 8-K expressly provides to the contrary.

------

**Item 8. Exhibits.**

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit**<br>**No.** | **Description** |
| 5.1 | <u>[Opinion of Goodwin Proctor LLP.](nerdyforms-82023evergreenxa.htm)</u> |
| 23.1 | <u>[Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm for Nerdy Inc.](nerdyforms-82023evergreenx.htm)</u> |
| 23.2 | <u>[Consent of Goodwin Procter LLP (included in Exhibit 5.1).](nerdyforms-82023evergreenxa.htm)</u> |
| 24.1 | <u>[Power of Attorney (included on signature page).](#i82a95f1e437a4209ab49d280e0628c2c_40)</u> |
| 99.1 | <u>[Nerdy Inc. 2021 Equity Incentive Plan (incorporated by reference to Exhibit 10.4 filed with the Company's Form 8-K filed on September 24, 2021 (File No. 001-39595)).](http://www.sec.gov/Archives/edgar/data/1819404/000119312521282190/d194845dex104.htm)</u> |
| 99.2 | <u>[First Amendment to the Nerdy Inc. 2021 Equity Incentive Plan (incorporated by reference to Exhibit 10.1 filed with the Company's Form 8-K filed on May 5, 2022 (File No. 001-39595)).](https://www.sec.gov/Archives/edgar/data/0001819404/000181940422000033/amendmenttotheequityincent.htm)</u> |
| 107 | <u>[Filing Fee Table.](nerdyforms-8evergreenex107.htm)</u> |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of St. Louis, State of Missouri, on the 28th day of February, 2023.

---

| | |
|:---|:---|
| **Nerdy Inc.** | **Nerdy Inc.** |
| By: | /s/ Charles Cohn |
|  | Name: Charles Cohn |
|  | Title: President and Chief Executive Officer |

---

**POWER OF ATTORNEY AND SIGNATURES**

KNOW ALL BY THESE PRESENT, that each individual whose signature appears below hereby constitutes and appoints each of Charles Cohn and Jason Pello as such person's true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, for such person in such person's name, place, and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto, and all documents in connection therewith, with the Commission granting unto each said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as such person might or could do in person, hereby ratifying and confirming all that any said attorney-in-fact and agent, or any substitute or substitutes of any of them, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following person in the capacities and on the date indicated below.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Charles Cohn | Director, President, and Chief Executive Officer<br> (Principal Executive Officer) | February 28, 2023 |
| Charles Cohn | Director, President, and Chief Executive Officer<br> (Principal Executive Officer) |  |
| /s/ Jason Pello | Chief Financial Officer<br>(Principal Financial and Accounting Officer) | February 28, 2023 |
| Jason Pello | Chief Financial Officer<br>(Principal Financial and Accounting Officer) |  |
| /s/ Catherine Beaudoin | Director | February 28, 2023 |
| Catherine Beaudoin | Director |  |
| /s/ Robert Hutter | Director | February 28, 2023 |
| Robert Hutter | Director |  |
| /s/ Christopher Marshall | Director | February 28, 2023 |
| Christopher Marshall | Director |  |
| /s/ Gregory Mrva | Director | February 28, 2023 |
| Gregory Mrva | Director |  |
| /s/ Kathleen Philips | Director | February 28, 2023 |
| Kathleen Philips | Director |  |
| /s/ Stuart Udell | Director | February 28, 2023 |
| Stuart Udell | Director |  |

---

## Ex-Filing

**Exhibit 107.1**

**Calculation of Filing Fee Table**

**Form S-8**

(Form Type)

**Nerdy Inc.**

(Exact Name of Registrant as Specified in its Charter)

<u>Table 1 - Newly Registered Securities</u>

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Security Type** | **Security Class Title** | **Fee Calculation Rule** | **Amount**<br>**Registered**<br>**&nbsp;&nbsp;&nbsp;&nbsp; (in shares)**<sup>(1)(3)</sup> | **Proposed**<br>**Maximum**<br>**Offering Price**<br>**per Share**<sup>(2)</sup> | **Maximum**<br>**Aggregate**<br>**Offering Price** | **Fee Rate** | **Amount of**<br>**Registration Fee** |
| Equity | Class A common stock, $0.0001 par value per share | Rule 457(c) and Rule 457(h) | 9846530 | 2.49 | $24517860 | 0.0001102 | $2702 |
| **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** | **Total Fee Offsets** |  |  | $— |
| **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** | **Net Fee Due** |  |  | $2702 |

---

(1) Represents additional shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock") of Nerdy Inc., reserved for future issuance of awards under the Nerdy Inc. 2021 Equity Incentive Plan (the "Equity Incentive Plan") and First Amendment to the Equity Incentive Plan (the "Equity Incentive Plan Amendment", together with the "Equity Incentive Plan", the "Amended Equity Incentive Plan").

(2) Estimated in accordance with Rule 457(c) solely for purposes of calculating the registration fee. The maximum price per Security and the maximum aggregate offering price are based on the average of the $2.57 (high) and $2.41 (low) sale price of the Registrant's Class A Common Stock as reported on the New York Stock Exchange on February 24, 2022, which date is within five business days prior to filing this Registration Statement.

(3) Pursuant to Rule 416 under the Securities Act, this Registration Statement shall also cover any additional shares of common stock, which become issuable under the Amended Equity Incentive Plan by reason of any stock dividend, stock split, recapitalization or any other similar transaction effected without the receipt of consideration which results in an increase in the number of the Company's outstanding shares of Class A Common Stock. Pursuant to Rule 416(c) under the Securities Act, this Registration Statement shall also cover an indeterminate amount of interests to be offered or sold pursuant to the Amended Equity Incentive Plan.

## Exhibit 5.1

<br>**Exhibit 5.1**

February 28, 2023

Nerdy Inc.

101 S. Hanley Rd., Suite 300

St. Louis, MO, 63105

Re:&nbsp;&nbsp;&nbsp;&nbsp;<u>Securities Being Registered under Registration Statement on Form S-8</u>

We have acted as counsel to you in connection with your filing of a Registration Statement on Form S-8 (the "<u>Registration Statement</u>") pursuant to the Securities Act of 1933, as amended (the "<u>Securities Act</u>"), on or about the date hereof relating to an aggregate of 9,846,530 shares (the "<u>Shares</u>") of Class A common stock, $0.0001 par value per share ("<u>Class A Common Stock</u>"), of Nerdy Inc., a Delaware corporation (the "<u>Company</u>"), that may be issued pursuant to the 2021 Equity Incentive Plan (the "<u>Plan</u>").

We have reviewed such documents and made such examination of law as we have deemed appropriate to give the opinions set forth below. We have relied, without independent verification, on certificates of public officials and, as to matters of fact material to the opinion set forth below, on certificates of officers of the Company.

The opinion set forth below is limited to the Delaware General Corporation Law.

For purposes of the opinion set forth below, we have assumed that no event occurs that causes the number of authorized shares of Class A Common Stock available for issuance by the Company to be less than the number of then unissued Shares.

Based on the foregoing, we are of the opinion that the Shares have been duly authorized and, upon issuance and delivery against payment therefor in accordance with the terms of the Plan, will be validly issued, fully paid and nonassessable.

This opinion letter and the opinion it contains shall be interpreted in accordance with the Core Opinion Principles as published in 74 *Business Lawyer* 815 (Summer 2019).

We hereby consent to the inclusion of this opinion as Exhibit 5.1 to the Registration Statement. In giving our consent, we do not admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations thereunder.

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| | /s/ GOODWIN PROCTER LLP |
| | GOODWIN PROCTER LLP |

---

## Exhibit 23.1

**EXHIBIT 23.1**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of Nerdy Inc. of our report dated February 28, 2023 relating to the financial statements, which appears in Nerdy Inc.'s Annual Report on Form 10-K for the year ended December 31, 2022.

/s/ PricewaterhouseCoopers LLP

St. Louis, Missouri

February 28, 2023

<br>