Sarrazin Hugo 4

What Happened Hugo Sarrazin, President, CEO and a director of Udemy (UDMY), was granted 305,500 restricted stock units (RSUs) on February 27, 2026 (transaction code A — award/grant). The award was recorded at $0.00 per share (no cash paid). These RSUs represent compensation equity rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-27; transaction type: Grant/Award (A); shares: 305,500; price shown: $0.00 (value at grant not listed here).
• Vesting (footnote): 1/4 of the RSUs vest on June 15, 2026 and then on each quarterly anniversary thereafter, subject to continuous service under the 2021 Equity Incentive Plan.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Related-party note (footnote): Some shares are held by The Sarrazin Revocable Trust u/a/d 12/14/2007, of which the reporting person and spouse are trustees and beneficiaries.
• Filing timeliness: Reported for the same date as the transaction (filed 2026-02-27), indicating a timely Form 4 filing.

Context This was an equity compensation grant (RSUs), a common way companies pay and retain executives; it is not an open‑market buy or sale and does not by itself indicate a change in insider sentiment. Vesting is time‑based and requires continued service, so the economic benefit depends on future employment and Udemy’s stock performance.