Venu Venugopal - 15 Jun 2024 Form 4 Insider Report for Udemy, Inc. (UDMY)

Signature
/s/ Daniel Horwood, Attorney-in-Fact
Issuer symbol
UDMY
Transactions as of
15 Jun 2024
Transactions value $
$-85,352
Form type
4
Filing time
17 Jun 2024, 21:08:11 UTC
Previous filing
22 May 2024
Next filing
02 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Tax liability $-77,042 -9,271 -2.14% $8.31 423,269 15 Jun 2024 Direct F1
transaction UDMY Common Stock Sale $-8,310 -1,000 -0.24% $8.31 422,269 17 Jun 2024 Direct
* 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 Shares withheld to satisfy certain tax obligations incurred with respect to the vesting and settlement of Restricted Stock Units and/or Performance Stock Units