Prasad Gune - Feb 1, 2022 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
SVP, Product
Signature
/s/ Sarah Tian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Feb 1, 2022
Transactions value $
$12,480
Form type
4
Date filed
2/2/2022, 06:41 PM
Previous filing
Nov 16, 2021
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $12.5K +4K +3.95% $3.12 105K Feb 1, 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 358K Feb 1, 2022 Common Stock 4K $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.