Llibert Argerich - Mar 30, 2023 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
SVP, Marketing
Signature
/s/ Sarah Tian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Mar 30, 2023
Transactions value $
$0
Form type
4
Date filed
4/3/2023, 04:57 PM
Previous filing
Feb 27, 2023
Next filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $12.8K +4.17K +1.5% $3.06 282K Mar 30, 2023 Direct
transaction UDMY Common Stock Options Exercise $22.3K +7.29K +2.58% $3.06 290K Mar 30, 2023 Direct
transaction UDMY Common Stock Options Exercise $136K +43.5K +15.01% $3.12 333K Mar 30, 2023 Direct
transaction UDMY Common Stock Options Exercise $93.1K +14.1K +4.25% $6.58 347K Mar 30, 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
transaction UDMY Employee Stock Option (right to buy) Options Exercise -$12.8K -4.17K -100% $3.06 0 Mar 30, 2023 Common Stock 4.17K $3.06 Direct F1
transaction UDMY Employee Stock Option (right to buy) Options Exercise -$22.3K -7.29K -100% $3.06 0 Mar 30, 2023 Common Stock 7.29K $3.06 Direct F2
transaction UDMY Employee Stock Option (right to buy) Options Exercise -$136K -43.5K -80.68% $3.12 10.4K Mar 30, 2023 Common Stock 43.5K $3.12 Direct F3
transaction UDMY Employee Stock Option (right to buy) Options Exercise -$93.1K -14.1K -18.86% $6.58 60.9K Mar 30, 2023 Common Stock 14.1K $6.58 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fourth of the shares underlying the option vested on June 18, 2019 and 1/48th of the remaining shares vest monthly thereafter.
F2 One-fourth of the shares underlying the option vested on October 12, 2019 and 1/48th of the remaining shares vest monthly thereafter.
F3 The shares underlying this option vest in 48 equal monthly installments beginning on September 1, 2019.
F4 The shares underlying this option vest in 48 equal monthly installments beginning on April 1, 2020.