Prasad Gune - 01 Feb 2022 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
SVP, Product
Signature
/s/ Sarah Tian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
01 Feb 2022
Net transactions value
+$12,480
Form type
4
Filing time
02 Feb 2022, 18:41:08 UTC
Previous filing
16 Nov 2021
Next filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $12,480 +4,000 +4% $3.12 105,258 01 Feb 2022 Direct F1

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 Employee Stock Option (right to buy) Options Exercise $0 0 0% $3.12 357,500 01 Feb 2022 Common Stock 4,000 $3.12 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares were sold by the Reporting Person in connection with the exercise and the shares of common stock issued as a result of the exercise are subject to the terms of a lock-up agreement executed by the Reporting Person in favor of the underwriters of the Company's initial public offering in October 2021.
F2 One-fourth of the shares underlying the option vested on December 2, 2020 and 1/48th of the remaining shares vest monthly thereafter.