Gregory Scott Brown - Dec 6, 2024 Form 4 Insider Report for Udemy, Inc. (UDMY)

Signature
/s/ James Babikian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Dec 6, 2024
Transactions value $
-$87,060
Form type
4
Date filed
12/9/2024, 05:09 PM
Previous filing
Nov 19, 2024
Next filing
Dec 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Sale -$87.1K -10K -0.84% $8.71 1.18M Dec 6, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 4, 2024.
F2 These transactions were executed in multiple trades at prices ranging from $8.57 to $8.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.