NASPERS LTD - 21 Jan 2025 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role: 10%+ Owner
Issuer symbol: UDMY
Report date: 21 Jan 2025
Net transaction value: -$25,088,000
Form type: 4
Accepted by SEC: 22 Jan 2025, 16:05:15 UTC
Previous filing: 21 Sep 2022
Next filing: 15 May 2025
SEC filing: View on sec.gov
Reporting owner signature: /s/ Nico Marais, Authorized Representative Naspers Limited

Key filing fact

NASPERS LTD filed Form 4 for Udemy, Inc. (UDMY) on 22 Jan 2025.

Key facts

This page summarizes NASPERS LTD's Form 4 filing for Udemy, Inc. (UDMY).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 22 Jan 2025, 16:05.

Change

Previous filing in this sequence was filed on 21 Sep 2022.
Current net transaction value: -$25,088,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UDMY transaction

Common Stock

Sale

Transaction value: $25,088,000
Shares: -3,200,000
Change %: -19%
Price: $7.84
Shares after: 13,920,840
Date: 21 Jan 2025
Ownership: See footnotes
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

NASPERS LTD is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

The shares are held of record by MIH Edtech Investments B.V., or Edtech. Edtech is a subsidiary of Prosus N.V., or Prosus, a publicly traded company whose shares are listed on the Euronext Amsterdam. A majority of the voting power of the outstanding ordinary shares of Prosus N.V. is held by Naspers Limited, a publicly traded company whose shares are listed on the Johannesburg Stock Exchange. As a result, the shares held by Edtech may be deemed to be beneficially owned by Prosus and Naspers Limited.

Footnote F2

Naspers Limited employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk and Keeromstraat 30 Beleggings (RF) Beperk, the sole remit of which is to protect the continued independence of Naspers Limited. Each of Nasbel and Keerom disclaims beneficial ownership of all shares, except to the extent of their respective pecuniary interests therein, if any.