Sarah Blanchard - 11 May 2026 Form 4 Insider Report for Udemy, Inc. (UDMY)

Reporting relationship: Chief Financial Officer
Issuer ticker: UDMY
Reported as of: 11 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 May 2026, 16:14:16 UTC
Prior SEC filing: 07 May 2026
Source filing: View source filing
Reporting owner signature: /s/ James Babikian, Attorney-in-Fact

Key filing fact

Sarah Blanchard filed Form 4 for Udemy, Inc. (UDMY) on 11 May 2026.

Key facts

This page summarizes Sarah Blanchard's Form 4 filing for Udemy, Inc. (UDMY).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 11 May 2026, 16:14.

Change

Previous filing in this sequence was filed on 07 May 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001883129 Primary reporting owner

Blanchard Sarah

Relationship: Chief Financial Officer
Address: C/O UDEMY, INC., 600 HARRISON STREET, 3RD FLOOR, SAN FRANCISCO
Signature: /s/ James Babikian, Attorney-in-Fact
Signature date: 11 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UDMY transaction

Common Stock

Award

Transaction value
Shares: +125,000
Change %: +8.8%
Price: $0.000000^*
Shares after: 1,551,295
Date: 11 May 2026
Ownership: Direct
Footnotes: F1

UDMY transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -1,551,295
Change %: -100%
Price
Shares after: 0
Date: 11 May 2026
Ownership: Direct
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Sarah Blanchard is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Represents shares of common stock under a performance-based restricted stock unit ("PSU") award granted effective August 15, 2025. In connection with that certain Agreement and Plan of Merger dated December 17, 2025 (the "Merger Agreement") by and among the Issuer, Coursera, Inc. ("Coursera"), and Chess Merger Sub, Inc., a wholly owned subsidiary of Coursera ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Coursera. Immediately prior to the effective time of the Merger (the "Effective Time"), a change of control was deemed to occur with respect to the PSU award, resulting in the PSU award being deemed achieved based on the greater of target and actual performance. Consequently, immediately prior to the Effective Time, the PSU award was subject only to time-based vesting conditions.

Footnote F2

At the Effective Time, each share of common stock of the Issuer ("Udemy Common Stock") issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) was converted into the right to receive 0.800 shares of common stock of Coursera ("Coursera Common Stock") and each restricted stock unit award that was not subject to performance-based vesting conditions and was not granted in respect of services as a non-employee director of Udemy (each, a "Udemy RSU Award") was assumed by Coursera and converted into a restricted stock unit award covering a number of shares of Coursera Common Stock equal to the product of (1) the number of shares of Udemy Common Stock that were subject to the Udemy RSU Award as of immediately prior to the Effective Time, multiplied by (2) 0.800 (rounded to the nearest whole number).