Richard Qiu - May 20, 2023 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
President, New Ventures
Signature
/s/ Sarah Tian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
May 20, 2023
Transactions value $
$15,311
Form type
4
Date filed
5/23/2023, 12:54 PM
Previous filing
Mar 21, 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 Award $15.3K +2.01K +0.36% $7.61 554K May 20, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of shares of the issuer's common stock pursuant to the Udemy, Inc. 2021 Employee Stock Purchase Plan (the "ESPP"), for the ESPP purchase period of November 20, 2022 through May 20,2023. This transaction is also exempt pursuant to Rule 16b-3(c).
F2 In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on May 19, 2023.