Richard Qiu - Feb 22, 2024 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role: President, New Ventures
Signature: /s/ Daniel Horwood, Attorney-in-Fact
Stock symbol: UDMY
Transactions as of: Feb 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/23/2024, 05:33 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	Award	$0	+29 K	+5.57%	$0.00	550 K	Feb 22, 2024	Direct	F1

Explanation of Responses:

Id	Content
F1	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

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.