Eren Bali - 03 Apr 2023 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
Director
Signature
/s/ Sarah Tian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
03 Apr 2023
Net transactions value
-$17,100
Form type
4
Filing time
05 Apr 2023, 19:34:07 UTC
Previous filing
07 Mar 2023
Next filing
13 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Sale $17,100 -1,900 -0.1% $9.00 1,824,748 03 Apr 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Remarks:

All transactions were executed pursuant to a Rule 10b5-1 plan entered into by the Reporting Person.