Chrapaty Debra J. 4

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.