Udemy, Inc. — Director's Dealing 2023

Jan 13, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Udemy, Inc. (UDMY)
CIK: 0001607939
Period of Report: 2023-01-06

Reporting Person: Hirschman Kenneth (SVP, Operations and GC)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	185095	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$3.06	2028-07-30	Common Stock (197500.0)		Direct
Employee Stock Option (right to buy)	$3.12	2029-05-07	Common Stock (54027.0)		Direct

Footnotes

F1: Includes 150,718 unvested restricted stock units granted pursuant to the Issuer's 2021 Equity Incentive Plan: (i) 63,218 RSUs granted on November 15, 2021; 1/11th of the RSUs will vest on February 15, 2023 and on each quarterly anniversary thereafter, (ii) 65,625 RSUs granted on May 15, 2022; 1/14th of the RSUs will vest on February 15, 2023 and on each quarterly anniversary thereafter, (iii) 21,875 RSUs granted on August 6, 2022; 1/7th of the RSUs will vest on February 15, 2023 and on each quarterly anniversary thereafter. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement.

F2: 147,500 shares underlying this option were fully vested on July 16, 2022. 50,000 shares underlying this option started vesting in 48 equal monthly installments beginning on December 3, 2021.

F3: The shares underlying this option started vesting in 48 equal monthly installments beginning on March 1, 2019.