Llibert Argerich - 28 Oct 2021 Form 3 Insider Report for Udemy, Inc. (UDMY)

Role
SVP, Marketing
Signature
/s/ Ken Hirschman, by power of attorney
Issuer symbol
UDMY
Transactions as of
28 Oct 2021
Net transactions value
$0
Form type
3
Filing time
28 Oct 2021, 19:00:43 UTC
Next filing
16 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UDMY Common Stock 63,875 28 Oct 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding UDMY Employee Stock Option (right to buy) 28 Oct 2021 Common Stock 14,584 $3.06 Direct F1
holding UDMY Employee Stock Option (right to buy) 28 Oct 2021 Common Stock 18,750 $3.06 Direct F2
holding UDMY Employee Stock Option (right to buy) 28 Oct 2021 Common Stock 59,135 $3.12 Direct F3
holding UDMY Employee Stock Option (right to buy) 28 Oct 2021 Common Stock 75,000 $6.58 Direct F4
holding UDMY Employee Stock Option (right to buy) 28 Oct 2021 Common Stock 87,500 $11.13 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fourth of the shares underlying the option vested on June 18, 2019 and 1/48th of the remaining shares vest monthly thereafter.
F2 One-fourth of the shares underlying the option vested on October 12, 2019 and 1/48th of the remaining shares vest monthly thereafter.
F3 The shares underlying this option vest in 48 equal monthly installments beginning on September 1, 2019.
F4 The shares underlying this option vest in 48 equal monthly installments beginning on April 1, 2020.
F5 The shares underlying this option vest in 48 equal monthly installments beginning on October 1, 2020.

Remarks:

Exhibit 24 - Power of Attorney