NerdWallet Announces New $50 Million Share Buyback Program

NerdWallet, Inc. (Nasdaq: NRDS), which provides trusted financial guidance to consumers and small and medium-sized businesses (SMBs), today announced that the Company’s Board of Directors has approved a new share repurchase program. Under the new program, the Company may repurchase up to $50 million of its Class A common stock from time to time, as market conditions warrant.

The Company’s proposed repurchases may be made in the open market, in privately negotiated transactions or otherwise in accordance with applicable securities laws and other requirements. The amount and timing of any repurchases will be determined at the discretion of management and will depend on various factors, including business, economic and market conditions, legal requirements, prevailing stock prices and other considerations. The share repurchase program has no time limit, does not obligate the Company to repurchase any specific amount or number of shares of Class A common stock and may be modified, suspended or discontinued at any time. This new $50 million program replaces the previous $30 million program that had been exhausted.