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

Role: Chief Technology Officer
Signature: /s/ James Babikian, Attorney-in-Fact
Issuer symbol: UDMY
Transactions as of: 28 Oct 2024
Net transactions value: $0
Form type: 3
Filing time: 06 Nov 2024, 16:45:39 UTC
Previous filing: 30 Jul 2024
Next filing: 06 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UDMY	Common Stock						2,284,477	28 Oct 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