Cara Brennan Allamano - 01 Apr 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
01 Apr 2022
Net transactions value
$0
Form type
4
Filing time
05 Apr 2022, 17:57:22 UTC
Previous filing
22 Feb 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 $15,936 +5,208 +2.5% $3.06 215,289 01 Apr 2022 Direct F1
transaction UDMY Common Stock Options Exercise $39,000 +12,500 +5.8% $3.12 227,789 01 Apr 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 $15,936 -5,208 -40% $3.06 7,813 01 Apr 2022 Common Stock 5,208 $3.06 Direct F2
transaction UDMY Employee Stock Option (right to buy) Options Exercise $39,000 -12,500 -15% $3.12 72,000 01 Apr 2022 Common Stock 12,500 $3.12 Direct F3
* 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 25, 2019 and 1/48th of the remaining shares vest monthly thereafter.
F3 The shares underlying this option vest in 48 equal installments beginning on March 1, 2019.