Udemy, Inc. — Director's Dealing 2021

Nov 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Udemy, Inc. (UDMY)
CIK: 0001607939
Period of Report: 2021-11-02

Reporting Person: Insight Holdings Group, LLC (10% Owner)
Reporting Person: Grace Software Cross Fund Holdings, LLC (10% Owner)
Reporting Person: Insight Associates XI, L.P. (10% Owner)
Reporting Person: Insight Associates XI, Ltd. (10% Owner)
Reporting Person: Insight Partners Public Equities Master Fund, L.P. (10% Owner)
Reporting Person: Insight Partners Public Equities GP (10% Owner)
Reporting Person: Insight Venture Management, LLC (10% Owner)
Reporting Person: Insight Venture Partners VII, L.P. (10% Owner)
Reporting Person: Insight Venture Associates VII, L.P. (10% Owner)
Reporting Person: Insight Venture Associates VII, Ltd. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-02	Common Stock	C	997735	—	Acquired	7641621	Indirect
2021-11-02	Common Stock	C	13436008	—	Acquired	21077629	Indirect
2021-11-02	Common Stock	C	3043923	—	Acquired	24121552	Indirect
2021-11-02	Common Stock	C	2633779	—	Acquired	26755331	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-02	Series A-1 Convertible Preferred Stock	$	C	997735	Disposed		Common Stock (997735)	Indirect
2021-11-02	Series B Convertible Preferred Stock	$	C	13436008	Disposed		Common Stock (13436008)	Indirect
2021-11-02	Series C Convertible Preferred Stock	$	C	3043923	Disposed		Common Stock (3043923)	Indirect
2021-11-02	Series D Convertible Preferred Stock	$	C	2633779	Disposed		Common Stock (2633779)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1088764	Indirect
Common Stock	98286	Indirect

Footnotes

F1: See Exhibit 99.1

F2: See Exhibit 99.1

F3: See Exhibit 99.1

F4: See Exhibit 99.1

F5: See Exhibit 99.1

F6: See Exhibit 99.1

F7: See Exhibit 99.1

F8: See Exhibit 99.1