Venu Venugopal - Feb 20, 2024 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: Feb 20, 2024
Transactions value $: -$75,534
Form type: 4
Date filed: 2/22/2024, 04:49 PM
Previous filing: Feb 16, 2024
Next filing: Mar 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UDMY	Common Stock	Sale	-$75.5K	-6.98K	-2.05%	$10.82	334K	Feb 20, 2024	Direct	F1
transaction	UDMY	Common Stock	Award	$0	+58.1K	+17.37%	$0.00	392K	Feb 22, 2024	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 $10.72 to $11.04. 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	Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 18, 2023. On February 22, 2024, a performance-based vesting condition was achieved with respect to the award. The PSUs remain subject to time-based vesting under which one-fourth of the PSUs will vest on March 15, 2024 and then 1/12th will vest on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.

Content

These transactions were executed in multiple trades at prices ranging from $10.72 to $11.04. 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.

Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 18, 2023. On February 22, 2024, a performance-based vesting condition was achieved with respect to the award. The PSUs remain subject to time-based vesting under which one-fourth of the PSUs will vest on March 15, 2024 and then 1/12th will vest on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.