Richard Qiu - Jan 6, 2023 Form 3 Insider Report for Udemy, Inc. (UDMY)

Role
President, New Ventures
Signature
/s/ Sarah Tian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Jan 6, 2023
Transactions value $
$0
Form type
3
Date filed
1/13/2023, 11:19 AM
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding UDMY Common Stock 516K Jan 6, 2023 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
holding UDMY Employee Stock Option (right to buy) Jan 6, 2023 Common Stock 5K $2.99 Direct F2
holding UDMY Employee Stock Option (right to buy) Jan 6, 2023 Common Stock 57.3K $3.12 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 216,343 unvested restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan: (i) 63,218 RSUs granted on November 15, 2021, 1/11th of which will vest on February 15, 2023 and on each quarterly anniversary thereafter, (ii) 131,250 RSUs granted on May 15, 2022, 1/14th of which will vest on February 15, 2023 and on each quarterly anniversary thereafter, (iii) 21,875 RSUs granted on August 6, 2022, 1/7th of which will vest on February 15, 2023 and on each quarterly anniversary thereafter.
F2 The shares underlying this option fully vested on August 1, 2021.
F3 The shares underlying this option will be fully vested on February 1, 2023.

Remarks:

Exhibit 24 - Power of Attorney