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Udemy, Inc. — Director's Dealing 2021
Oct 29, 2021
32224_dirs_2021-10-28_fe47d50a-a49b-40ca-bc9e-d5f7b6fade62.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Udemy, Inc. (UDMY)
CIK: 0001607939
Period of Report: 2021-10-28
Reporting Person: Norwest Venture Partners XII, LP (10% Owner)
Reporting Person: NVP Associates, LLC (10% Owner)
Reporting Person: Kossow Jon Erik (10% Owner)
Reporting Person: HAQUE PROMOD (10% Owner)
Reporting Person: Crowe Jeffrey (10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 905994 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series C Convertible Preferred Stock | $ | Common Stock (10134082) | Indirect | ||
| Series D Convertible Preferred Stock | $ | Common Stock (1418858) | Indirect |
Footnotes
F1: The shares are held of record by Norwest Venture Partners XII, LP. Genesis VC Partners XII, LLC is the general partner of Norwest Venture Partners XII, LP, and NVP Associates, LLC is the managing member of Genesis VC Partners XII, LLC. Each of Promod Haque, Jeffrey Crowe, and Jon Kossow, who are co-chief executive officers of NVP Associates, LLC, may be deemed to share voting and dispositive power over the shares held by Norwest Venture Partners XII, LP. Each of the reporting entities and individuals disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
F2: Each share of Series C Convertible Preferred Stock shall automatically convert into Common Stock on a one-to-one basis immediately prior to the completion of the Issuer's initial public offering of Common Stock and has no expiration date.
F3: Each share of Series D Convertible Preferred Stock shall automatically convert into Common Stock on a one-to-one basis immediately prior to the completion of the Issuer's initial public offering of Common Stock and has no expiration date.