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

Role
SVP, Operations and GC
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, 11:21 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 185K 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 198K $3.06 Direct F2
holding UDMY Employee Stock Option (right to buy) Jan 6, 2023 Common Stock 54K $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 150,718 unvested restricted stock units granted pursuant to the Issuer's 2021 Equity Incentive Plan: (i) 63,218 RSUs granted on November 15, 2021; 1/11th of the RSUs will vest on February 15, 2023 and on each quarterly anniversary thereafter, (ii) 65,625 RSUs granted on May 15, 2022; 1/14th of the RSUs will vest on February 15, 2023 and on each quarterly anniversary thereafter, (iii) 21,875 RSUs granted on August 6, 2022; 1/7th of the RSUs will vest on February 15, 2023 and on each quarterly anniversary thereafter. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.
F2 147,500 shares underlying this option were fully vested on July 16, 2022. 50,000 shares underlying this option started vesting in 48 equal monthly installments beginning on December 3, 2021.
F3 The shares underlying this option started vesting in 48 equal monthly installments beginning on March 1, 2019.

Remarks:

Exhibit 24 - Power of Attorney