Venu Venugopal - 08 Dec 2023 Form 4 Insider Report for Udemy, Inc. (UDMY)

Signature
/s/ Daniel Horwood, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
08 Dec 2023
Net transactions value
-$752,640
Form type
4
Filing time
12 Dec 2023, 16:35:24 UTC
Previous filing
05 Dec 2023
Next filing
19 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $87,360 +28,000 +7.8% $3.12* 385,512 08 Dec 2023 Direct
transaction UDMY Common Stock Sale $420,000 -28,000 -7.3% $15.00 357,512 08 Dec 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 $420,000 -28,000 -3.6% $15.00 748,000 08 Dec 2023 Common Stock 28,000 $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.