Venu Venugopal - May 25, 2023 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
Chief Technology Officer
Signature
/s/ Sarah Tian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
May 25, 2023
Transactions value $
-$121,120
Form type
4
Date filed
5/30/2023, 06:59 PM
Previous filing
May 23, 2023
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Sale -$69.2K -7.15K -1.71% $9.68 411K May 25, 2023 Direct F1
transaction UDMY Common Stock Sale -$51.9K -5.24K -1.27% $9.91 406K May 26, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction was effected to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of Restricted Stock Units ("RSUs").
F2 The reported transaction was effected to satisfy certain tax obligations of the Reporting Person incurred with the vesting and settlement of Restricted Stock Units ("RSUs") and was executed pursuant to a Rule 10b5-1 plan entered into by the Reporting Person.
F3 These transactions were executed in multiple trades at prices ranging from $9.79 to $10.01. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.