Eren Bali - 05 Jun 2023 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
Director
Signature
/s/ Sarah Tian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
05 Jun 2023
Net transactions value
-$161,550
Form type
4
Filing time
06 Jun 2023, 17:30:31 UTC
Previous filing
03 May 2023
Next filing
26 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Sale $161,550 -15,000 -0.83% $10.77 1,781,648 05 Jun 2023 Direct F1
* 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).

Explanation of Responses:

Id Content
F1 These transactions were executed in multiple trades at prices ranging from $10.53 to $10.90. 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.