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

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, 05:36 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 +87.1K +8.55% $0.00 1.11M Feb 22, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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.