Gregory Scott Brown - 14 Dec 2022 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
President, Udemy Business
Signature
/s/ Sarah Tian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
14 Dec 2022
Net transactions value
-$1,342,127
Form type
4
Filing time
16 Dec 2022, 13:44:58 UTC
Previous filing
05 Oct 2022
Next filing
23 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 Sale $1,019,490 -84,047 -6% $12.13 1,310,287 14 Dec 2022 Direct F1, F2
transaction UDMY Common Stock Sale $320,145 -27,085 -2.1% $11.82 1,283,202 15 Dec 2022 Direct F3, F4
transaction UDMY Common Stock Sale $2,492 -200 -0.02% $12.46 1,283,002 15 Dec 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction was effected to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of Restricted Stock Units ("RSUs").
F2 These transactions were executed in multiple trades at prices ranging from $11.87 to $12.35. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide 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.
F3 The reported transaction was effected to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of Restricted Stock Units ("RSUs") and was executed pursuant to a Rule 10b5-1 plan entered into by the Reporting Person.
F4 These transactions were executed in multiple trades at prices ranging from $11.45 to $12.44. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide 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.