Cara Brennan Allamano - Feb 18, 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
Feb 18, 2022
Transactions value $
$18,720
Form type
4
Date filed
2/22/2022, 07:37 PM
Previous filing
Jan 27, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $9.36K +3K +1.45% $3.12 210K Feb 18, 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 $9.36K +3K +3.68% $3.12 84.5K Feb 18, 2022 Common Stock 3K $3.12 Direct F2
* 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 The shares underlying this option vest in 48 equal installments beginning on March 1, 2019.