Venu Venugopal - 01 Feb 2024 Form 4 Insider Report for Udemy, Inc. (UDMY)

Signature
/s/ Daniel Horwood, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
01 Feb 2024
Transactions value $
-$55,160
Form type
4
Filing time
05 Feb 2024, 17:34:50 UTC
Previous filing
04 Jan 2024
Next filing
16 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $12,480 +4,000 +1.1% $3.12 356,013 01 Feb 2024 Direct
transaction UDMY Common Stock Sale -$55,160 -4,000 -1.1% $13.79 352,013 01 Feb 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UDMY Employee Stock Option (right to buy) Options Exercise -$12,480 -4,000 -0.54% $3.12 736,000 01 Feb 2024 Common Stock 4,000 $3.12 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were executed in multiple trades at prices ranging from $13.66 to $13.91. 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.
F2 One-fourth of the shares underlying the option vested on May 1, 2020 and 1/48th of the remaining shares vest monthly thereafter.