Eren Bali - 14 Mar 2025 Form 4 Insider Report for Udemy, Inc. (UDMY)

Signature
/s/ James Babikian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
14 Mar 2025
Net transactions value
-$80,228
Form type
4
Filing time
17 Mar 2025, 20:33:04 UTC
Previous filing
19 Feb 2025
Next filing
03 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Sale $80,228 -10,000 -0.46% $8.02 2,146,050 14 Mar 2025 Direct F1, F2
transaction UDMY Common Stock Award $0 +38,182 +1.8% $0.000000 2,184,232 15 Mar 2025 Direct F3
* 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 December 13, 2024.
F2 These transactions were executed in multiple trades at prices ranging from $8.00 to $8.09. 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.
F3 Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. 1/12th of the RSUs will vest on June 15, 2025 and on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.