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, 05:34 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 +998K +15.02% 7.64M Nov 2, 2021 See footnote F1, F2, F6
transaction UDMY Common Stock Conversion of derivative security +13.4M +175.83% 21.1M Nov 2, 2021 See footnote F1, F3, F6
transaction UDMY Common Stock Conversion of derivative security +3.04M +14.44% 24.1M Nov 2, 2021 See footnote F1, F4, F6
transaction UDMY Common Stock Conversion of derivative security +2.63M +10.92% 26.8M Nov 2, 2021 See footnote F1, F5, F6
holding UDMY Common Stock 1.09M Nov 2, 2021 See footnote F7
holding UDMY Common Stock 98.3K Nov 2, 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 -998K -100% 0 Nov 2, 2021 Common Stock 998K See footnote F1, F2
transaction UDMY Series B Convertible Preferred Stock Conversion of derivative security -13.4M -100% 0 Nov 2, 2021 Common Stock 13.4M See footnote F1, F2, F3
transaction UDMY Series C Convertible Preferred Stock Conversion of derivative security -3.04M -100% 0 Nov 2, 2021 Common Stock 3.04M See footnote F1, F2, F4
transaction UDMY Series D Convertible Preferred Stock Conversion of derivative security -2.63M -100% 0 Nov 2, 2021 Common Stock 2.63M 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