Cara Brennan Allamano - Apr 1, 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
Apr 1, 2022
Transactions value $
$0
Form type
4
Date filed
4/5/2022, 05:57 PM
Previous filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UDMY Common Stock Options Exercise $15.9K +5.21K +2.48% $3.06 215K Apr 1, 2022 Direct F1
transaction UDMY Common Stock Options Exercise $39K +12.5K +5.81% $3.12 228K Apr 1, 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 -$15.9K -5.21K -40% $3.06 7.81K Apr 1, 2022 Common Stock 5.21K $3.06 Direct F2
transaction UDMY Employee Stock Option (right to buy) Options Exercise -$39K -12.5K -14.79% $3.12 72K Apr 1, 2022 Common Stock 12.5K $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.