ABBASI SOHAIB 4

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.