Chrapaty Debra J. 4

4 · Udemy, Inc. · Filed May 11, 2026

AI-generated summary of this filing

Updated May 11, 2026

Udemy (UDMY) Director Debra J. Chrapaty Disposes 58,888 Shares

What Happened

Debra J. Chrapaty, a director of Udemy, reported a disposition to the issuer of 58,888 Udemy shares on 2026-05-11. The filing shows the shares were surrendered/converted in connection with the merger of Udemy into Coursera (no cash sale; price listed as N/A).
Under the Merger Agreement, each Udemy share was converted into the right to receive 0.800 shares of Coursera common stock, so these 58,888 Udemy shares correspond to roughly 0.8 × 58,888 ≈ 47,110 Coursera shares before any rounding or fractional-share cash-out.

Key Details

Transaction date: 2026-05-11
Transaction type/code: Disposition to issuer (D) — not an open-market sale
Shares disposed: 58,888 Udemy shares
Price / proceeds: N/A (conversion in merger)
Shares owned after transaction: not specified in the filing
Footnotes: F1–F2 explain the Merger (Udemy became a Coursera subsidiary) and the 0.800 conversion ratio of Udemy shares/RSUs into Coursera common stock
Filing timeliness: Filing date equals the report date (timely per the Form 4)

Context

This was not a routine market sale but a corporate-action disposition tied to the merger; such conversions exchange target-company shares for acquirer stock (or cash for fractional shares) and do not necessarily signal insider sentiment about the combined company.

Form 4Exit

Period: 2026-05-11

Director

Transactions

Footnotes (2)

[F1]Pursuant to that certain Agreement and Plan of Merger dated December 17, 2025 (the "Merger Agreement") by and among the Issuer, Coursera, Inc. ("Coursera"), and Chess Merger Sub, Inc., a wholly owned subsidiary of Coursera ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Coursera.
[F2]At the effective time of the Merger (the "Effective Time"), each share of common stock of the Issuer (the "Udemy Common Stock") issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) was converted into the right to receive 0.800 shares of common stock of Coursera ("Coursera Common Stock") and each restricted stock unit award covering shares of Udemy Common Stock that was not subject to performance-based vesting conditions and was not granted in respect of services as a non-employee director of the Issuer (each, a "Director RSU Award") was converted into the right to receive a number of shares of Coursera Common Stock equal to the product of the number of shares of Udemy Common Stock that were subject to the such Director RSU Award as of immediately prior to the Effective Time, multiplied by 0.800 (rounded to the nearest whole share).

Signature

/s/ James Babikian, Attorney-in-Fact|2026-05-11

1 file