Prasad Gune - Nov 20, 2022 Form 4 Insider Report for Udemy, Inc. (UDMY)

Signature
/s/ Sarah Tian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Nov 20, 2022
Transactions value $
-$3,829
Form type
4
Date filed
11/28/2022, 08:06 PM
Previous filing
Nov 1, 2022
Next filing
Dec 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Award $8K +758 +0.25% $10.56 301K Nov 20, 2022 Direct F1, F2
transaction UDMY Common Stock Disposed to Issuer -$11.8K -758 -0.25% $15.61 300K Nov 25, 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.