Venu Venugopal - Feb 1, 2024 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
Chief Technology Officer
Signature
/s/ Daniel Horwood, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Feb 1, 2024
Transactions value $
-$55,160
Form type
4
Date filed
2/5/2024, 05:34 PM
Previous filing
Jan 4, 2024
Next filing
Feb 16, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $12.5K +4K +1.14% $3.12 356K Feb 1, 2024 Direct
transaction UDMY Common Stock Sale -$55.2K -4K -1.12% $13.79 352K Feb 1, 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 -$12.5K -4K -0.54% $3.12 736K Feb 1, 2024 Common Stock 4K $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.