---
schema_version: "secwatch.filing_event.v1"
accession: "0001819404-26-000079"
form_type: "8-K"
ticker: "NRDY"
cik: "0001819404"
company_name: "Nerdy Inc."
filed_at: "2026-08-06T20:01:58+00:00"
generated_at: "2026-08-06T20:03:15.694837+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Nerdy winds down Varsity Tutors for Schools; expects $2M-$4M exit costs

## Summary
- Exit costs estimated at $2M-$4M, substantially all recognized in Q3 2026.
- Includes $0.3M-$0.5M severance, $0.5M-$1.3M contract termination, $1.4M-$1.6M asset impairment.
- Future cash expenses $0.7M-$1.8M; non-cash expenses $1.6M-$1.8M.
- Wind-down allows focus on core Consumer business; Varsity Tutors for Schools discontinued.

## SEC filing metadata
- accession: 0001819404-26-000079
- form_type: 8-K
- ticker: NRDY
- cik: 0001819404
- company_name: Nerdy Inc.
- filed_at: 2026-08-06T20:01:58+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819404/000181940426000079/0001819404-26-000079-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819404/000181940426000079/nrdy-20260731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001819404-26-000079
- JSON: https://secwatch.observer/filing/0001819404-26-000079.json
- Plain text: https://secwatch.observer/filing/0001819404-26-000079.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.