Blanchard Sarah 4/A
4/A · Udemy, Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Udemy (UDMY) CFO Sarah Blanchard Receives 97,352-Share PSU Award
What Happened
Sarah Blanchard, Chief Financial Officer of Udemy, received a grant of 97,352 performance-based restricted stock units (PSUs) reported as an award on 2026-02-23. The reported acquisition price is $0.00 (award), so no cash was paid. This filing is an amendment correcting a previously misstated share total in an earlier Form 4.
Key Details
- Transaction date and price: 02/23/2026; 97,352 shares @ $0.00 (award).
- Filing: Amended Form 4 filed 2026-05-07; an initial Form 4 was filed 2026-02-25 (which contained an incorrect share count and is now corrected).
- Correction note (F1): Prior filing inadvertently reported 97,532 shares; the correct total is 97,352.
- Vesting (F2): PSUs dated 03/15/2025 — a performance vesting condition was achieved 02/23/2026; remaining PSUs are subject to time-based vesting: 1/3 vest on 02/24/2026, then 1/12 of the total vests on each Mar 15, Jun 15, Sep 15, and Dec 15 thereafter (first tranche on 06/15/2026), subject to continuous service.
- Shares owned after transaction: Not specified in this amended filing.
- Timeliness: The original Form 4 was filed promptly on 02/25/2026; this is an amendment to correct the reported amount.
Context
This was an equity award (PSUs) that became eligible after achieving a performance condition; it is not an open-market purchase or sale. Because the PSUs remain subject to time-based vesting and continued service, they will vest in increments over time rather than being immediately transferable. Awards like this reflect compensation and retention practices and are informational rather than direct signals of immediate buying or selling.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-23+97,352→ 1,300,459 total
Footnotes (2)
- [F1]On February 25, 2026, the reporting person filed a Form 4 which inadvertently reported that, following achievement of a performance-based vesting condition, a total of 97,532 shares underlying performance-based restricted stock units became subject to time-based vesting. In fact, as reported in this amendment, the correct total was 97,352 shares.
- [F2]Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 15, 2025. On February 23, 2026, a performance-based vesting condition was achieved with respect to the award. The PSUs remain subject to time-based vesting under which one-third of the total number of PSUs vest on February 24, 2026, and then 1/12th of the total number of PSUs will vest on each March 15, June 15, September 15, and December 15 thereafter, starting with June 15, 2026, subject to the reporting person's continuous service with the issuer.