Richard Qiu - May 20, 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: May 20, 2024
Transactions value $: $21,244
Form type: 4
Date filed: 5/22/2024, 06:21 PM
Previous filing: May 17, 2024
Next filing: Jun 17, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UDMY	Common Stock	Award	$21.2K	+2.61K	+0.46%	$8.13	576K	May 20, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The acquisition of shares of the issuer's common stock pursuant to the Udemy, Inc. 2021 Employee Stock Purchase Plan (the ESPP), for the ESPP purchase period of November 20, 2023 through May 20, 2024. This transaction is also exempt pursuant to Rule 16b-3(c). In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on the offering period begin date of May 22, 2023.

Content

The acquisition of shares of the issuer's common stock pursuant to the Udemy, Inc. 2021 Employee Stock Purchase Plan (the ESPP), for the ESPP purchase period of November 20, 2023 through May 20, 2024. This transaction is also exempt pursuant to Rule 16b-3(c). In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the Issuer's common stock on the offering period begin date of May 22, 2023.