Paterson Lydia 4

What Happened Lydia Paterson, a director of Udemy, was granted 3,246 restricted stock units (RSUs) on March 31, 2026. The Form 4 shows an award (code A) at $0.00 per share (total immediate cash value reported $0). The RSUs vest immediately but Paterson elected to defer settlement — she will receive the underlying shares at the earlier of January 1, 2029 or her separation of service.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-01 (timely Form 4 filing).
• Transaction type/code: Award (A) — 3,246 RSUs granted at $0.00 reported price.
• Total immediate cash reported: $0 (RSUs are compensation units, not a purchase).
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs granted under the issuer’s 2021 Equity Incentive Plan; they vest immediately but settlement is deferred per the director’s election (settlement = earlier of 1/1/2029 or separation of service).

Context RSUs are a form of compensation that entitle the recipient to receive shares later; although these RSUs vested immediately, settlement is deferred so no shares were delivered at grant. This award is routine director compensation (an award rather than a market purchase or sale) and should be viewed as compensation reporting, not direct insider buying or selling.