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Udemy, Inc. — Director's Dealing 2022
Aug 10, 2022
32224_dirs_2022-08-09_5a0b4e44-fc88-4533-b16e-eb4f3ff0ec22.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: Blanchard Sarah (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-08-06 | Common Stock | A | 1000000 | — | Acquired | 1298174 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-08-06 | Employee Stock Option (right to buy) | $11.77 | D | 1000000 | Disposed | 2031-02-23 | Common Stock (1000000.0) | Direct |
Footnotes
F1: Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. 458,333 of the RSUs will vest on Nov 15, 2022; 62,500 RSUs will vest each quarter in 2023 and 72,917 will vest each quarter in 2024.
F2: On August 6, 2022, pursuant to the issuer's equity exchange program (announced July 11, 2022), the issuer canceled an option for 1,000,000 shares of the issuer's common stock granted to the reporting person on February 24, 2021. Pursuant to the equity exchange program, the reporting person received restricted stock units covering 1,000,000 shares of the issuer's common stock.
F3: One-fourth of the shares underlying the option vest on February 8, 2022 and 1/48th of the remaining shares vest monthly thereafter.