Sarah Blanchard - 15 Sep 2025 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
Chief Financial Officer
Signature
/s/ James Babikian, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
15 Sep 2025
Net transactions value
-$283,509
Form type
4
Filing time
16 Sep 2025, 16:27:51 UTC
Previous filing
18 Aug 2025
Next filing
15 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Blanchard Sarah Chief Financial Officer C/O UDEMY, INC., 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO /s/ James Babikian, Attorney-in-Fact 16 Sep 2025 0001883129

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Sale $177,085 -25,000 -1.9% $7.08 1,287,953 15 Sep 2025 Direct F1, F2
transaction UDMY Common Stock Tax liability $106,424 -14,843 -1.2% $7.17 1,273,110 15 Sep 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 March 14, 2025.
F2 The reported transaction was executed in multiple trades at prices ranging from $6.99 to $7.175. 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 any security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 Shares withheld by the issuer to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units. No shares were sold.