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

Role
SVP, Marketing
Signature
/s/ Sarah Tian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
30 Mar 2023
Net transactions value
$0
Form type
4
Filing time
03 Apr 2023, 16:57:40 UTC
Previous filing
27 Feb 2023
Next filing
30 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $12,751 +4,167 +1.5% $3.06 282,433 30 Mar 2023 Direct
transaction UDMY Common Stock Options Exercise $22,314 +7,292 +2.6% $3.06 289,725 30 Mar 2023 Direct
transaction UDMY Common Stock Options Exercise $135,698 +43,493 +15% $3.12 333,218 30 Mar 2023 Direct
transaction UDMY Common Stock Options Exercise $93,094 +14,148 +4.2% $6.58 347,366 30 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
transaction UDMY Employee Stock Option (right to buy) Options Exercise $12,751 -4,167 -100% $3.06 0 30 Mar 2023 Common Stock 4,167 $3.06 Direct F1
transaction UDMY Employee Stock Option (right to buy) Options Exercise $22,314 -7,292 -100% $3.06 0 30 Mar 2023 Common Stock 7,292 $3.06 Direct F2
transaction UDMY Employee Stock Option (right to buy) Options Exercise $135,698 -43,493 -81% $3.12 10,417 30 Mar 2023 Common Stock 43,493 $3.12 Direct F3
transaction UDMY Employee Stock Option (right to buy) Options Exercise $93,094 -14,148 -19% $6.58 60,852 30 Mar 2023 Common Stock 14,148 $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.