Venu Venugopal - Dec 8, 2023 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
Chief Technology Officer
Signature
/s/ Daniel Horwood, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Dec 8, 2023
Transactions value $
-$752,640
Form type
4
Date filed
12/12/2023, 04:35 PM
Previous filing
Dec 5, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $87.4K +28K +7.83% $3.12* 386K Dec 8, 2023 Direct
transaction UDMY Common Stock Sale -$420K -28K -7.26% $15.00 358K Dec 8, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UDMY Employee Stock Option (right to buy) Options Exercise -$420K -28K -3.61% $15.00 748K Dec 8, 2023 Common Stock 28K $3.12 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were executed in multiple trades at prices ranging from $15.00 to $15.06. 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.
F2 One-fourth of the shares underlying the option vested on May 1, 2020 and 1/48th of the remaining shares vest monthly thereafter.