Blanchard Sarah 4

What Happened
Sarah Blanchard, CFO of Udemy, had 9,599 shares withheld by the company to satisfy tax withholding on the vesting and settlement of restricted/performance stock units. The withholding was reported at $4.68 per share for a total value of roughly $44,923. This was a tax-withholding disposition by the company — not an open-market sale.

Key Details

• Transaction date: 2026-04-06; Filing date: 2026-04-07 (filed promptly the next day).
• Price used for withholding: $4.68 per share. Total value reported: $44,923.
• Shares withheld/disposed: 9,599 (transaction code F — tax withholding).
• Footnote: F1 — shares were withheld by Udemy to satisfy tax withholding on vesting/settlement of RSUs/PSUs; no shares were sold.
• Shares owned after the transaction: not specified in the provided filing data.
• Timeliness: filing appears timely (no late filing flag).

Context
This is a routine tax-withholding action related to equity compensation vesting and should not be interpreted as a voluntary sale or signal of confidence. For options or RSU vesting, companies often withhold shares to cover taxes rather than selling them on the open market; that is what occurred here.