Cara Brennan Allamano - 18 Feb 2022 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role: SVP People, Places & Learning
Signature: /s/ Sarah Tian, Attorney-in-Fact
Issuer symbol: UDMY
Transactions as of: 18 Feb 2022
Net transactions value: +$18,720
Form type: 4
Filing time: 22 Feb 2022, 19:37:12 UTC
Previous filing: 27 Jan 2022
Next filing: 05 Apr 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	$9,360	+3,000	+1.4%	$3.12	210,081	18 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	$9,360	+3,000	+3.7%	$3.12	84,500	18 Feb 2022	Common Stock	3,000	$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	The shares underlying this option vest in 48 equal installments beginning on March 1, 2019.