| Schedule of Changes in Noncontrolling Interest |
The following table summarizes the changes in ownership of OpCo Units in Nerdy LLC, excluding Earnouts, for the periods presented. | | | | | | | | | | | | | | | | | | | | | | | | | As Of and For The Three Months Ended September 30, | | As Of and For The Nine Months Ended September 30, | | 2024 | | 2023 | | 2024 | | 2023 | | OpCo Units | | | | | | | | | Nerdy Inc. | | | | | | | | | Beginning of period | 112,245 | | | 95,516 | | | 106,416 | | | 90,654 | | | Vesting or exercise of equity awards | 2,227 | | | 2,218 | | | 6,130 | | | 6,387 | | | Conversion of Combined Interests into Class A Common Stock | 500 | | | 500 | | | 2,426 | | | 1,193 | | | | | | | | | | Issuance of OpCo units as a result of the Warrant Transactions | — | | | 4,306 | | | — | | | 4,306 | | Inclusion of OpCo units as a result of the Earnout Transaction | — | | | 1,875 | | | — | | | 1,875 | | | End of period | 114,972 | | | 104,415 | | | 114,972 | | | 104,415 | | | Legacy Nerdy Holders | | | | | | | | | Beginning of period | 65,427 | | | 65,803 | | | 67,256 | | | 65,948 | | | Vesting or exercise of equity awards | 16 | | | 48 | | | 113 | | | 596 | | | Conversion of Combined Interests into Class A Common Stock | (500) | | | (500) | | | (2,426) | | | (1,193) | | | | | | | | | | Issuance of OpCo units as a result of the Warrant Transactions | — | | | 513 | | | — | | | 513 | | Inclusion of OpCo units as a result of the Earnout Transaction | — | | | 1,343 | | | — | | | 1,343 | | | End of period | 64,943 | | | 67,207 | | | 64,943 | | | 67,207 | | | Total | | | | | | | | | Beginning of period | 177,672 | | | 161,319 | | | 173,672 | | | 156,602 | | | Vesting or exercise of equity awards | 2,243 | | | 2,266 | | | 6,243 | | | 6,983 | | | | | | | | | | | | | | | | | | Issuance of OpCo units as a result of the Warrant Transactions | — | | | 4,819 | | | — | | | 4,819 | | Inclusion of OpCo units as a result of the Earnout Transaction | — | | | 3,218 | | | — | | | 3,218 | | | End of period | 179,915 | | | 171,622 | | | 179,915 | | | 171,622 | | | Ownership Percentage | | | | | | | | | Nerdy Inc. | | | | | | | | | Beginning of period | 63.2 | % | | 59.2 | % | | 61.3 | % | | 57.9 | % | | End of period | 63.9 | % | | 60.8 | % | | 63.9 | % | | 60.8 | % | | Legacy Nerdy Holders | | | | | | | | | Beginning of period | 36.8 | % | | 40.8 | % | | 38.7 | % | | 42.1 | % | | End of period | 36.1 | % | | 39.2 | % | | 36.1 | % | | 39.2 | % |
|