{"schema_version":"secwatch.filing_event.v1","accession":"0001625278-24-000130","form_type":"8-K","ticker":"NRDS","cik":"0001625278","company_name":"NERDWALLET, INC.","filed_at":"2024-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.853727+00:00","generated_at":"2026-05-31T15:19:06.551847+00:00","sec_items":["2.05","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NerdWallet to cut ~15% of workforce; expects $8-10M restructuring charge","bullets":["Workforce reduction of ~15% of full-time employees vs Dec 31, 2023 headcount.","Estimated pre-tax restructuring charges of $8-10 million, mostly in Q3 2024.","Charges primarily for severance, employee benefits, and related expenses.","Plan committed on July 30, 2024; most cuts expected by end of Q3 2024.","CEO Tim Chen says decision is part of effort to improve long-term strategic focus."],"urls":{"canonical":"https://secwatch.observer/filing/0001625278-24-000130","json":"https://secwatch.observer/filing/0001625278-24-000130.json","markdown":"https://secwatch.observer/filing/0001625278-24-000130.md","text":"https://secwatch.observer/filing/0001625278-24-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1625278/000162527824000130/0001625278-24-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1625278/000162527824000130/nrds-20240730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T15:19:06.551847+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c92b64f0538142139cf3c2d94b4a0da95e37d669","claim":"NERDWALLET, INC. announced a restructuring with charges of $8 million to $10 million (approximately 15% of its full-time employees).","evidence_excerpt":"On July 30, 2024, NerdWallet, Inc. (“NerdWallet” or the “Company”) committed to a restructuring plan, effective August 1, 2024, intended to reduce the Company’s operating expenses and better position the Company to execute its long-term strategic initiatives (the “Plan”). The Plan will reduce the size of the Company’s workforce by approximately 15% of its full-time employees as compared to its headcount as of December 31, 2023. The Company expects to incur a total estimated pre-tax restructuring charge of approximately $8 million to $10 million in connection with the Plan.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1625278/000162527824000130/0001625278-24-000130-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$8 million to $10 million"},{"label":"Headcount","value":"approximately 15% of its full-time employees"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}