Blanchard Sarah 4
4 · Udemy, Inc. · Filed Mar 17, 2025
Insider Transaction Report
Form 4
Udemy, Inc.UDMY
Blanchard Sarah
Chief Financial Officer
Transactions
- Award
Common Stock
2025-03-15+147,727→ 1,120,743 total - Award
Common Stock
2025-02-20+39,375→ 973,016 total - Tax Payment
Common Stock
2025-03-15$8.20/sh−12,659$103,804→ 1,108,084 total
Footnotes (3)
- [F1]Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 15, 2024. On February 20, 2025, a performance-based vesting condition was achieved with respect to the award. The PSUs remain subject to time-based vesting under which one-fourth of the total number of PSUs will vest on March 15, 2025 and then 1/16th of the total number of PSUs will vest on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.
- [F2]Represents restricted stock units ("RSUs") granted pursuant to the Issuer's 2021 Equity Incentive Plan. 1/12th of the RSUs will vest on June 15, 2025 and on each quarterly anniversary thereafter, subject to the reporting person's continuous service with the issuer.
- [F3]Shares withheld by Udemy to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units. No shares were sold.