Jeffrey Lieberman - Nov 2, 2021 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
Director, 10%+ Owner
Signature
/s/ Jeffrey Lieberman
Stock symbol
UDMY
Transactions as of
Nov 2, 2021
Transactions value $
$0
Form type
4
Date filed
11/2/2021, 05:36 PM
Previous filing
Oct 28, 2021
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Conversion of derivative security +30.7M +270.99% 42M Nov 2, 2021 See footnotes F1, F2, F3, F4, F5, F6, F7

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 -1.52M -100% 0 Nov 2, 2021 Common Stock 1.52M See footnotes F1, F2, F3, F4
transaction UDMY Series B Convertible Preferred Stock Conversion of derivative security -20.5M -100% 0 Nov 2, 2021 Common Stock 20.5M See footnotes F1, F2, F3, F5
transaction UDMY Series C Convertible Preferred Stock Conversion of derivative security -4.65M -100% 0 Nov 2, 2021 Common Stock 4.65M See footnotes F1, F2, F3, F6
transaction UDMY Series D Convertible Preferred Stock Conversion of derivative security -4.02M -100% 0 Nov 2, 2021 Common Stock 4.02M See footnotes F1, F2, F3, F7
* 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

Remarks:

Exhibit List ------------ Exhibit 99.1 - Explanation of Responses