Blanchard Sarah 4

What Happened
Sarah Blanchard, Chief Financial Officer of Udemy, had 4,969 shares withheld by the company to satisfy tax withholding on the vesting/settlement of restricted/performance stock units. The withholding was recorded at $4.70 per share, for a total value of $23,354. This was a tax-withholding disposition (code F), not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-17.
• Shares withheld/disposed: 4,969 shares at $4.70 each; total ≈ $23,354.
• Transaction code: F (shares withheld to satisfy tax withholding on vesting/settlement).
• Footnote: F1 — issuer withheld shares to meet tax obligations on RSUs/PSUs; no shares were sold.
• Shares owned after the transaction: not specified in the provided filing.

Context
Withholding shares to cover taxes on vested RSUs/PSUs is a routine administrative action and does not indicate a voluntary sale by the insider. This type of transaction typically does not signal a change in the insider’s view of the company’s prospects.