Llibert Argerich - 16 Mar 2022 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
SVP, Marketing
Signature
/s/ Sarah Tian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
16 Mar 2022
Net transactions value
$0
Form type
4
Filing time
18 Mar 2022, 15:40:37 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 $66,938 +21,875 +19% $3.06 137,474 16 Mar 2022 Direct F1
transaction UDMY Common Stock Options Exercise $16,302 +5,225 +3.8% $3.12 142,699 16 Mar 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 $31,876 -10,417 -71% $3.06 4,167 16 Mar 2022 Common Stock 10,417 $3.06 Direct F2
transaction UDMY Employee Stock Option (right to buy) Options Exercise $35,061 -11,458 -61% $3.06 7,292 16 Mar 2022 Common Stock 11,458 $3.06 Direct F3
transaction UDMY Employee Stock Option (right to buy) Options Exercise $16,302 -5,225 -8.8% $3.12 53,910 16 Mar 2022 Common Stock 5,225 $3.12 Direct F4
* 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 June 18, 2019 and 1/48th of the remaining shares vest monthly thereafter.
F3 One-fourth of the shares underlying the option vested on October 12, 2019 and 1/48th of the remaining shares vest monthly thereafter.
F4 The shares underlying this option vest in 48 equal monthly installments beginning on September 1, 2019.