Cara Brennan Allamano - Jan 21, 2022 Form 4 Insider Report for Udemy, Inc. (UDMY)

Role
SVP People, Places & Learning
Signature
/s/ Sarah Tian, Attorney-in-Fact
Stock symbol
UDMY
Transactions as of
Jan 21, 2022
Transactions value $
$0
Form type
4
Date filed
1/25/2022, 04:15 PM
Previous filing
Nov 16, 2021
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $112K +36.5K +22.44% $3.06 199K Jan 21, 2022 Direct F1
transaction UDMY Common Stock Options Exercise $17.4K +5.57K +2.8% $3.12 204K Jan 21, 2022 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 -$112K -36.5K -70% $3.06 15.6K Jan 21, 2022 Common Stock 36.5K $3.06 Direct F2
transaction UDMY Employee Stock Option (right to buy) Options Exercise -$17.4K -5.57K -5.98% $3.12 87.5K Jan 21, 2022 Common Stock 5.57K $3.12 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No shares were sold by the Reporting Person in connection with the exercise and the shares of common stock issued as a result of the exercise are subject to the terms of a lock-up agreement executed by the Reporting Person in favor of the underwriters of the Company's initial public offering in October 2021.
F2 One-fourth of the shares underlying the option vested on June 25, 2019 and 1/48th of the remaining shares vest monthly thereafter.
F3 The shares underlying this option vest in 48 equal installments beginning on March 1, 2019.