Eren Bali - Oct 28, 2024 Form 3 Insider Report for Udemy, Inc. (UDMY)

Role: Chief Technology Officer
Signature: /s/ James Babikian, Attorney-in-Fact
Stock symbol: UDMY
Transactions as of: Oct 28, 2024
Transactions value $: $0
Form type: 3
Date filed: 11/6/2024, 04:45 PM
Previous filing: Jul 30, 2024
Next filing: Nov 6, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UDMY	Common Stock						2.28M	Oct 28, 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Includes 668,427 shares underlying outstanding grants of restricted stock units ("RSUs") as follows: (A) 645,000 RSUs, one-fourth of which will vest on August 15, 2025 and the remainder of which will vest in equal quarterly installments thereafter, and (B) 23,427 RSUs, vesting on the earlier of the date of the Issuer's 2025 annual meeting of stockholders or on June 4, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Content

Includes 668,427 shares underlying outstanding grants of restricted stock units ("RSUs") as follows: (A) 645,000 RSUs, one-fourth of which will vest on August 15, 2025 and the remainder of which will vest in equal quarterly installments thereafter, and (B) 23,427 RSUs, vesting on the earlier of the date of the Issuer's 2025 annual meeting of stockholders or on June 4, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Remarks:

Exhibit 24.1: Power of Attorney