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: Insight Venture Partners (Cayman) VII, L.P. (10% Owner)
Reporting Person: Insight Venture Partners (Delaware) VII, L.P. (10% Owner)
Reporting Person: Insight Venture Partners VII (Co-Investors), 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	439224	—	Acquired	3364002	Indirect
2021-11-02	Common Stock	C	63110	—	Acquired	483355	Indirect
2021-11-02	Common Stock	C	23093	—	Acquired	176869	Indirect
2021-11-02	Common Stock	C	5914814	—	Acquired	9278816	Indirect
2021-11-02	Common Stock	C	849866	—	Acquired	1333221	Indirect
2021-11-02	Common Stock	C	310985	—	Acquired	487854	Indirect
2021-11-02	Common Stock	C	1339998	—	Acquired	10618814	Indirect
2021-11-02	Common Stock	C	192536	—	Acquired	1525757	Indirect
2021-11-02	Common Stock	C	70454	—	Acquired	558308	Indirect
2021-11-02	Common Stock	C	1159445	—	Acquired	11778259	Indirect
2021-11-02	Common Stock	C	166594	—	Acquired	1692351	Indirect
2021-11-02	Common Stock	C	60961	—	Acquired	619269	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-02	Series A-1 Convertible Preferred Stock	$	C	439224	Disposed		Common Stock (439224)	Indirect
2021-11-02	Series A-1 Convertible Preferred Stock	$	C	63110	Disposed		Common Stock (63110)	Indirect
2021-11-02	Series A-1 Convertible Preferred Stock	$	C	23093	Disposed		Common Stock (23093)	Indirect
2021-11-02	Series B Convertible Preferred Stock	$	C	5914814	Disposed		Common Stock (5914814)	Indirect
2021-11-02	Series B Convertible Preferred Stock	$	C	849866	Disposed		Common Stock (849866)	Indirect
2021-11-02	Series B Convertible Preferred Stock	$	C	310985	Disposed		Common Stock (310985)	Indirect
2021-11-02	Series C Convertible Preferred Stock	$	C	1339998	Disposed		Common Stock (1339998)	Indirect
2021-11-02	Series C Convertible Preferred Stock	$	C	192536	Disposed		Common Stock (192536)	Indirect
2021-11-02	Series C Convertible Preferred Stock	$	C	70454	Disposed		Common Stock (70454)	Indirect
2021-11-02	Series D Convertible Preferred Stock	$	C	1159445	Disposed		Common Stock (1159445)	Indirect
2021-11-02	Series D Convertible Preferred Stock	$	C	166594	Disposed		Common Stock (166594)	Indirect
2021-11-02	Series D Convertible Preferred Stock	$	C	60961	Disposed		Common Stock (60961)	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