Insight Holdings Group, LLC - 02 Nov 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
Issuer symbol
UDMY
Transactions as of
02 Nov 2021
Net transactions value
$0
Form type
4
Filing time
02 Nov 2021, 17:34:39 UTC
Previous filing
28 Oct 2021
Next filing
18 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Conversion of derivative security +997,735 +15% 7,641,621 02 Nov 2021 See footnote F1, F2, F6
transaction UDMY Common Stock Conversion of derivative security +13,436,008 +176% 21,077,629 02 Nov 2021 See footnote F1, F3, F6
transaction UDMY Common Stock Conversion of derivative security +3,043,923 +14% 24,121,552 02 Nov 2021 See footnote F1, F4, F6
transaction UDMY Common Stock Conversion of derivative security +2,633,779 +11% 26,755,331 02 Nov 2021 See footnote F1, F5, F6
holding UDMY Common Stock 1,088,764 02 Nov 2021 See footnote F7
holding UDMY Common Stock 98,286 02 Nov 2021 See footnote 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 -997,735 -100% 0 02 Nov 2021 Common Stock 997,735 See footnote F1, F2
transaction UDMY Series B Convertible Preferred Stock Conversion of derivative security -13,436,008 -100% 0 02 Nov 2021 Common Stock 13,436,008 See footnote F1, F2, F3
transaction UDMY Series C Convertible Preferred Stock Conversion of derivative security -3,043,923 -100% 0 02 Nov 2021 Common Stock 3,043,923 See footnote F1, F2, F4
transaction UDMY Series D Convertible Preferred Stock Conversion of derivative security -2,633,779 -100% 0 02 Nov 2021 Common Stock 2,633,779 See footnote F1, F2, F5
* 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 second 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