Richard Qiu - 22 Feb 2024 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role: President, New Ventures
Signature: /s/ Daniel Horwood, Attorney-in-Fact
Issuer symbol: UDMY
Transactions as of: 22 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 23 Feb 2024, 17:33:35 UTC
Previous filing: 16 Feb 2024
Next filing: 19 Mar 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	Award	$0	+29,043	+5.6%	$0.000000	550,037	22 Feb 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 18, 2023. On February 22, 2024, a performance-based vesting condition was achieved with respect to the award. The PSUs remain subject to time-based vesting under which one-fourth of the PSUs will vest on March 15, 2024 and then 1/12th will vest on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.

Content

Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 18, 2023. On February 22, 2024, a performance-based vesting condition was achieved with respect to the award. The PSUs remain subject to time-based vesting under which one-fourth of the PSUs will vest on March 15, 2024 and then 1/12th will vest on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.