Maco Marylou 4

4 · Udemy, Inc. · Filed May 11, 2026

AI-generated summary of this filing

Updated May 11, 2026

Udemy (UDMY) Director Marylou Maco Disposes 60,484 Shares

What Happened

Marylou Maco, a director of Udemy, reported a disposition to the issuer of 60,484 Udemy shares on 2026-05-11. The Form 4 lists the transaction as a "D" (disposition to issuer) with no sale price or cash value reported.
This transaction occurred in connection with the merger in which Coursera acquired Udemy; under the merger terms each Udemy share was converted into the right to receive 0.800 shares of Coursera common stock, so 60,484 Udemy shares correspond to roughly 48,387 Coursera shares (subject to rounding/cash adjustments per the merger agreement).

Key Details

Transaction date: 2026-05-11; transaction code: D (disposition to issuer).
Price / value: Not reported (N/A) on the Form 4.
Shares owned after transaction: Not reported on the filing.
Footnotes: F1 confirms the merger of Udemy into Coursera; F2 describes the 0.800 Coursera-for-1 Udemy conversion ratio (and rounding rules for certain awards).
Filing timeliness: The Form 4 was filed on 2026-05-11 (same date as the transaction), indicating a timely report.

Context

This was not an open-market sale but a corporate merger-related disposition/conversion of securities; such transactions are typically procedural under merger terms and do not necessarily indicate insider sentiment about the company’s stock.
Because no cash amount or post-transaction ownership was reported, there is no direct dollar figure to assess from the filing.

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