Gregory Scott Brown - 06 Mar 2025 Form 4 Insider Report for Udemy, Inc. (UDMY)

Signature
/s/ James Babikian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
06 Mar 2025
Net transactions value
-$94,317
Form type
4
Filing time
07 Mar 2025, 17:42:54 UTC
Previous filing
17 Mar 2025
Next filing
19 May 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Sale $94,317 -10,000 -0.87% $9.43 1,141,896 06 Mar 2025 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 $9.28 to $9.63. 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.