Gune Prasad 4
4 · Udemy, Inc. · Filed Aug 9, 2022
Insider Transaction Report
Form 4
Udemy, Inc.UDMY
Gune Prasad
SVP, Product
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2022-08-06−100,000→ 0 totalExercise: $11.13Exp: 2030-11-22→ Common Stock (100,000 underlying) - Award
Common Stock
2022-08-06+100,000→ 280,268 total
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. 56,250 of the RSUs will vest on Nov 15, 2022; 6,250 RSUs will vest each quarter between Feb 15, 2023 and Aug 15, 2024
- [F2]On August 6, 2022, pursuant to the issuer's equity exchange program (announced July 11, 2022), the issuer canceled an option for 100,000 shares of the issuer's common stock granted to the reporting person on November 23, 2020. Pursuant to the equity exchange program, the reporting person received restricted stock units covering 100,000 shares of the issuer's common stock.
- [F3]The shares underlying this option vest in 48 equal monthly installments beginning on October 1, 2020.