Prasad Gune - 20 Nov 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
20 Nov 2022
Net transactions value
-$3,829
Form type
4
Filing time
28 Nov 2022, 20:06:20 UTC
Previous filing
01 Nov 2022
Next filing
15 Dec 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 Award $8,004 +758 +0.25% $10.56 301,119 20 Nov 2022 Direct F1, F2
transaction UDMY Common Stock Disposed to Issuer $11,833 -758 -0.25% $15.61 300,361 25 Nov 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of shares of the issuer's common stock pursuant to the Udemy, Inc. 2021 Employee Stock Purchase Plan (the "ESPP"), for the ESPP purchase period of May 20, 2022 through November 20, 2022.This transaction is also exempt pursuant to Rule 16b-3(c).
F2 In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on May 20, 2022.
F3 These transactions were executed in multiple trades at prices ranging from $15.61 to $15.62. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes toprovide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.