Stephanie Stapleton Sudbury - 01 Mar 2023 Form 3 Insider Report for Udemy, Inc. (UDMY)

Role: President, Udemy Business
Signature: /s/ Sarah Tian, Attorney-in-Fact
Issuer symbol: UDMY
Transactions as of: 01 Mar 2023
Net transactions value: $0
Form type: 3
Filing time: 07 Mar 2023, 17:39:44 UTC
Next filing: 21 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UDMY	Common Stock						108,209	01 Mar 2023	Direct

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)							01 Mar 2023	Common Stock	938	$3.12	Direct	F1
holding	UDMY	Employee Stock Option (right to buy)							01 Mar 2023	Common Stock	4,880	$3.12	Direct	F2
holding	UDMY	Employee Stock Option (right to buy)							01 Mar 2023	Common Stock	25,000	$6.58	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares underlying this option vest in 48 equal monthly installments beginning on March 1, 2019.
F2	The shares underlying this option vest in 48 equal monthly installments beginning on September 1, 2019.
F3	The shares underlying this option vest in 48 equal monthly installments beginning on April 1, 2020.