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Udemy, Inc. Director's Dealing 2023

Jan 13, 2023

32224_dirs_2023-01-13_65948fd2-ce1d-4480-a3bf-ebfb597ab7c0.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Qiu Richard (President, New Ventures)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 515630 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $2.99 2027-10-17 Common Stock (5000.0) Direct
Employee Stock Option (right to buy) $3.12 2029-04-03 Common Stock (57325.0) Direct

Footnotes

F1: Includes 216,343 unvested restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan: (i) 63,218 RSUs granted on November 15, 2021, 1/11th of which will vest on February 15, 2023 and on each quarterly anniversary thereafter, (ii) 131,250 RSUs granted on May 15, 2022, 1/14th of which will vest on February 15, 2023 and on each quarterly anniversary thereafter, (iii) 21,875 RSUs granted on August 6, 2022, 1/7th of which will vest on February 15, 2023 and on each quarterly anniversary thereafter.

F2: The shares underlying this option fully vested on August 1, 2021.

F3: The shares underlying this option will be fully vested on February 1, 2023.