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Udemy, Inc. — Director's Dealing 2022
Aug 10, 2022
32224_dirs_2022-08-09_29cf5e3e-4993-46b8-a986-91a320d64868.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Udemy, Inc. (UDMY)
CIK: 0001607939
Period of Report: 2022-08-06
Reporting Person: Gune Prasad (SVP, Product)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-08-06 | Common Stock | A | 100000 | — | Acquired | 280268 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-08-06 | Employee Stock Option (right to buy) | $11.13 | D | 100000 | Disposed | 2030-11-22 | Common Stock (100000.0) | Direct |
Footnotes
F1: Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. 56,250 of the RSUs will vest on Nov 15, 2022; 6,250 RSUs will vest each quarter between Feb 15, 2023 and Aug 15, 2024
F2: On August 6, 2022, pursuant to the issuer's equity exchange program (announced July 11, 2022), the issuer canceled an option for 100,000 shares of the issuer's common stock granted to the reporting person on November 23, 2020. Pursuant to the equity exchange program, the reporting person received restricted stock units covering 100,000 shares of the issuer's common stock.
F3: The shares underlying this option vest in 48 equal monthly installments beginning on October 1, 2020.