Udemy, Inc. — Director's Dealing 2023

Apr 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Udemy, Inc. (UDMY)
CIK: 0001607939
Period of Report: 2023-03-30

Reporting Person: Argerich Llibert (SVP, Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-30	Common Stock	M	4167	$3.06	Acquired	282433	Direct
2023-03-30	Common Stock	M	7292	$3.06	Acquired	289725	Direct
2023-03-30	Common Stock	M	43493	$3.12	Acquired	333218	Direct
2023-03-30	Common Stock	M	14148	$6.58	Acquired	347366	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-30	Employee Stock Option (right to buy)	$3.06	M	4167	Disposed	2028-07-29	Common Stock (4167.0)	Direct
2023-03-30	Employee Stock Option (right to buy)	$3.06	M	7292	Disposed	2028-10-11	Common Stock (7292.0)	Direct
2023-03-30	Employee Stock Option (right to buy)	$3.12	M	43493	Disposed	2029-10-09	Common Stock (43493.0)	Direct
2023-03-30	Employee Stock Option (right to buy)	$6.58	M	14148	Disposed	2030-05-04	Common Stock (14148.0)	Direct

Footnotes

F1: One-fourth of the shares underlying the option vested on June 18, 2019 and 1/48th of the remaining shares vest monthly thereafter.

F2: One-fourth of the shares underlying the option vested on October 12, 2019 and 1/48th of the remaining shares vest monthly thereafter.

F3: The shares underlying this option vest in 48 equal monthly installments beginning on September 1, 2019.

F4: The shares underlying this option vest in 48 equal monthly installments beginning on April 1, 2020.