Insight Holdings Group, LLC - Nov 2, 2021 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
10%+ Owner
Signature
Insight Holdings Group, LLC, by Andrew Prodromos, its Authorized Signatory; /s/ Andrew Prodromos
Stock symbol
UDMY
Transactions as of
Nov 2, 2021
Transactions value $
$0
Form type
4
Date filed
11/2/2021, 05:32 PM
Previous filing
Oct 28, 2021
Next filing
Nov 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Conversion of derivative security +439K +15.02% 3.36M Nov 2, 2021 See footnote F1, F2, F6
transaction UDMY Common Stock Conversion of derivative security +63.1K +15.02% 483K Nov 2, 2021 See footnote F1, F2, F7
transaction UDMY Common Stock Conversion of derivative security +23.1K +15.02% 177K Nov 2, 2021 See footnote F1, F2, F8
transaction UDMY Common Stock Conversion of derivative security +5.91M +175.83% 9.28M Nov 2, 2021 See footnote F1, F3, F6
transaction UDMY Common Stock Conversion of derivative security +850K +175.83% 1.33M Nov 2, 2021 See footnote F1, F3, F7
transaction UDMY Common Stock Conversion of derivative security +311K +175.83% 488K Nov 2, 2021 See footnote F1, F3, F8
transaction UDMY Common Stock Conversion of derivative security +1.34M +14.44% 10.6M Nov 2, 2021 See footnote F1, F4, F6
transaction UDMY Common Stock Conversion of derivative security +193K +14.44% 1.53M Nov 2, 2021 See footnote F1, F4, F7
transaction UDMY Common Stock Conversion of derivative security +70.5K +14.44% 558K Nov 2, 2021 See footnote F1, F4, F8
transaction UDMY Common Stock Conversion of derivative security +1.16M +10.92% 11.8M Nov 2, 2021 See footnote F1, F5, F6
transaction UDMY Common Stock Conversion of derivative security +167K +10.92% 1.69M Nov 2, 2021 See footnote F1, F5, F7
transaction UDMY Common Stock Conversion of derivative security +61K +10.92% 619K Nov 2, 2021 See footnote F1, F5, F8

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
transaction UDMY Series A-1 Convertible Preferred Stock Conversion of derivative security -439K -100% 0 Nov 2, 2021 Common Stock 439K See footnote F1, F2, F6
transaction UDMY Series A-1 Convertible Preferred Stock Conversion of derivative security -63.1K -100% 0 Nov 2, 2021 Common Stock 63.1K See footnote F1, F2, F7
transaction UDMY Series A-1 Convertible Preferred Stock Conversion of derivative security -23.1K -100% 0 Nov 2, 2021 Common Stock 23.1K See footnote F1, F2, F8
transaction UDMY Series B Convertible Preferred Stock Conversion of derivative security -5.91M -100% 0 Nov 2, 2021 Common Stock 5.91M See footnote F1, F3, F6
transaction UDMY Series B Convertible Preferred Stock Conversion of derivative security -850K -100% 0 Nov 2, 2021 Common Stock 850K See footnote F1, F3, F7
transaction UDMY Series B Convertible Preferred Stock Conversion of derivative security -311K -100% 0 Nov 2, 2021 Common Stock 311K See footnote F1, F3, F8
transaction UDMY Series C Convertible Preferred Stock Conversion of derivative security -1.34M -100% 0 Nov 2, 2021 Common Stock 1.34M See footnote F1, F4, F6
transaction UDMY Series C Convertible Preferred Stock Conversion of derivative security -193K -100% 0 Nov 2, 2021 Common Stock 193K See footnote F1, F4, F7
transaction UDMY Series C Convertible Preferred Stock Conversion of derivative security -70.5K -100% 0 Nov 2, 2021 Common Stock 70.5K See footnote F1, F4, F8
transaction UDMY Series D Convertible Preferred Stock Conversion of derivative security -1.16M -100% 0 Nov 2, 2021 Common Stock 1.16M See footnote F1, F5, F6
transaction UDMY Series D Convertible Preferred Stock Conversion of derivative security -167K -100% 0 Nov 2, 2021 Common Stock 167K See footnote F1, F5, F7
transaction UDMY Series D Convertible Preferred Stock Conversion of derivative security -61K -100% 0 Nov 2, 2021 Common Stock 61K See footnote F1, F5, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 See Exhibit 99.1
F2 See Exhibit 99.1
F3 See Exhibit 99.1
F4 See Exhibit 99.1
F5 See Exhibit 99.1
F6 See Exhibit 99.1
F7 See Exhibit 99.1
F8 See Exhibit 99.1

Remarks:

This Form 4 is the first of two Forms 4 filed relating to the same event. The Form 4 has been split into two filings because there are more than 10 reporting persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 reporting persons. Each Form 4 is filed by Designated Filer, Insight Holdings Group, LLC. Exhibit List Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filers' Signatures Exhibit 99.3 - Joint Filer Information