Sarah Blanchard - Feb 20, 2025 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
Chief Financial Officer
Signature
/s/ James Babikian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Feb 20, 2025
Transactions value $
-$103,804
Form type
4
Date filed
3/17/2025, 08:31 PM
Previous filing
Feb 19, 2025
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 +39.4K +4.22% $0.00 973K Feb 20, 2025 Direct F1
transaction UDMY Common Stock Award $0 +148K +15.18% $0.00 1.12M Mar 15, 2025 Direct F2
transaction UDMY Common Stock Tax liability -$104K -12.7K -1.13% $8.20 1.11M Mar 15, 2025 Direct F3
* 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 15, 2024. On February 20, 2025, 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 total number of PSUs will vest on March 15, 2025 and then 1/16th of the total number of PSUs will vest on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.
F2 Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. 1/12th of the RSUs will vest on June 15, 2025 and on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.
F3 Shares withheld by Udemy to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units. No shares were sold.