Udemy, Inc. — Director's Dealing 2022

Mar 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Udemy, Inc. (UDMY)
CIK: 0001607939
Period of Report: 2022-03-16

Reporting Person: Argerich Llibert (SVP, Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-16	Common Stock	M	21875	$3.06	Acquired	137474	Direct
2022-03-16	Common Stock	M	5225	$3.12	Acquired	142699	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-16	Employee Stock Option (right to buy)	$3.06	M	10417	Disposed	2028-07-29	Common Stock (10417.0)	Direct
2022-03-16	Employee Stock Option (right to buy)	$3.06	M	11458	Disposed	2028-10-11	Common Stock (11458.0)	Direct
2022-03-16	Employee Stock Option (right to buy)	$3.12	M	5225	Disposed	2029-10-09	Common Stock (5225.0)	Direct

Footnotes

F1: No shares were sold by the Reporting Person in connection with the exercise and the shares of common stock issued as a result of the exercise are subject to the terms of a lock-up agreement executed by the Reporting Person in favor of the underwriters of the Company's initial public offering in October 2021.

F2: One-fourth of the shares underlying the option vested on June 18, 2019 and 1/48th of the remaining shares vest monthly thereafter.

F3: One-fourth of the shares underlying the option vested on October 12, 2019 and 1/48th of the remaining shares vest monthly thereafter.

F4: The shares underlying this option vest in 48 equal monthly installments beginning on September 1, 2019.