Eren Bali - Apr 3, 2023 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role: Director
Signature: /s/ Sarah Tian, Attorney-in-Fact
Stock symbol: UDMY
Transactions as of: Apr 3, 2023
Transactions value $: -$17,100
Form type: 4
Date filed: 4/5/2023, 07:34 PM
Previous filing: Mar 7, 2023
Next filing: Apr 13, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UDMY	Common Stock	Sale	-$17.1K	-1.9K	-0.1%	$9.00	1.82M	Apr 3, 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.