ABBASI SOHAIB 4

4 · Udemy, Inc. · Filed May 11, 2026

AI-generated summary of this filing

Updated May 11, 2026

Udemy (UDMY) Director Sohaib Abbasi Disposes 114,171 Shares

What Happened

Sohaib Abbasi, a director of Udemy, reported a disposition to the issuer of 114,171 shares on May 11, 2026 (transaction code D). The Form 4 lists no per‑share price (N/A), so the filing does not state the cash value received.
Footnotes state the transaction is tied to the Merger Agreement dated Dec 17, 2025, under which Coursera merged with Udemy. At the effective time, outstanding Udemy shares and certain restricted stock unit awards were converted into the right to receive 0.800 shares of Coursera common stock per Udemy share (with specified exceptions).

Key Details

Transaction date: 2026-05-11. Transaction type: Disposition to issuer (D).
Shares disposed: 114,171. Price per share: N/A in the filing — total proceeds not reported.
Shares owned after transaction: not reported in the provided filing data.
Relevant footnotes: F1 (Merger with Coursera) and F2 (conversion ratio of 0.800 Coursera shares per Udemy share; conversion treatment of certain Director RSU awards).
Filing timeliness: Reported with period and filing date 2026-05-11 — appears timely.

Context

"Disposition to issuer" filings in a merger often reflect merger mechanics (conversion, surrender, or cash-out of shares/RSUs) rather than an open‑market sale by the insider. This Form 4 does not show an open-market sale price or proceeds, so it does not directly indicate market sentiment.
For investors: because no price or post-transaction holdings are reported here, you cannot infer the transaction's monetary value or the director's remaining stake from this filing alone.

Form 4Exit

Period: 2026-05-11

Director

Transactions

Footnotes (2)

[F1]Pursuant to that certain Agreement and Plan of Merger dated December 17, 2025 (the "Merger Agreement") by and among the Issuer, Coursera, Inc. ("Coursera"), and Chess Merger Sub, Inc., a wholly owned subsidiary of Coursera ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Coursera.
[F2]At the effective time of the Merger (the "Effective Time"), each share of common stock of the Issuer ("Udemy Common Stock") issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) was converted into the right to receive 0.800 shares of common stock of Coursera ("Coursera Common Stock") and each restricted stock unit award covering shares of Udemy Common Stock that was not subject to performance-based vesting conditions and was not granted in respect of services as a non-employee director of the Issuer (each, a "Director RSU Award") was converted into the right to receive a number of shares of Coursera Common Stock equal to the product of the number of shares of Udemy Common Stock that were subject to the such Director RSU Award as of immediately prior to the Effective Time, multiplied by 0.800 (rounded to the nearest whole share).

Signature

/s/ James Babikian, Attorney-in-Fact|2026-05-11

1 file