Udemy, Inc. SEC Filings

Udemy, Inc. (UDMY) reported an insider equity transaction by its Chief Financial Officer on a Form 4. On 11/15/2025, the CFO had 4,846 shares of Udemy common stock withheld by the company at a price of $5.18 per share to cover tax withholding obligations tied to the vesting and settlement of restricted and/or performance stock units, and no shares were sold in the market. After this withholding transaction, the CFO beneficially owned 1,258,665 shares of Udemy common stock directly.

Udemy, Inc. reported Q3 2025 results with revenue of $195.7 million and a return to profitability. Revenue was stable year over year while gross profit improved and operating expenses declined. Net income was $1.6 million, compared with a loss a year ago, as tighter spend and mix helped offset softer consumer demand.

Enterprise revenue rose to $132.8 million, while Consumer revenue was $62.9 million, reflecting lower transactional activity. Cash and cash equivalents were $235.9 million, and marketable securities were $135.3 million. Deferred revenue totaled $297.2 million, indicating contracted work yet to be recognized. The company also highlighted a new $200 million revolving credit facility, undrawn as of quarter end, and recognized $2.6 million year-to-date in breakage revenue from Udemy credits after a program change.

As of September 30, 2025, shares issued and outstanding were 147,075,948; as of October 22, 2025, 146,376,765 shares were outstanding.

Udemy, Inc. furnished an 8‑K to announce it issued a press release with financial results for the three‑ and nine‑month periods ended September 30, 2025. The press release is provided as Exhibit 99.1.

The information under Item 2.02, including Exhibit 99.1, is being furnished and is not deemed “filed” under the Exchange Act, nor incorporated by reference into Securities Act or Exchange Act filings. Udemy’s common stock trades on Nasdaq under UDMY.

Udemy (UDMY) reported an insider transaction for its Chief Financial Officer. On 10/15/2025, the CFO had 9,599 shares of common stock withheld by the issuer to satisfy tax obligations upon the vesting and settlement of RSUs/PSUs (transaction code F) at $6.5 per share. The filing states no shares were sold. Following this event, the CFO directly beneficially owned 1,263,511 shares.

Udemy director Sohaib Abbasi received 3,566 restricted stock units (RSUs) on 09/30/2025 as reported on a Form 4. The RSUs were granted under the 2021 Equity Incentive Plan, vest immediately, and Abbasi elected to receive RSUs in lieu of a cash retainer. He has deferred settlement of those RSUs to the earlier of January 1, 2029 or his separation from the company. After the grant, Abbasi beneficially owns 104,487 shares. The Form 4 was executed by an attorney-in-fact, James Babikian, on 10/01/2025.

Udemy, Inc. (UDMY) reporting person Robert Rosenthal, President of Udemy Business, reported a non-derivative transaction dated 09/15/2025 where 10,777 shares of common stock were disposed of at a price of $7.17 per share. The form states these shares were withheld by the issuer to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units; the filer explicitly notes no shares were sold. Following the reported transaction, the reporting person beneficially owned 328,599 shares, held directly. The Form 4 was signed by an attorney-in-fact on 09/16/2025.

Udemy insider sale and tax withholding by CFO. Udemy CFO Sarah Blanchard reported transactions on 09/15/2025 reducing her direct holdings. She sold 25,000 shares under an existing Rule 10b5-1 plan at a weighted average price of $7.0834, lowering her reported shares to 1,287,953. Additionally, 14,843 shares were withheld by the issuer to satisfy tax withholding related to RSU/PSU vesting; those withheld shares were not sold, leaving 1,273,110 shares beneficially owned after accounting for the withholding. The sale executed automatically under the previously adopted trading plan; the filer offers to provide trade-by-trade details on request.

Udemy, Inc. (UDMY) filed a Form 144 reporting a proposed sale of 25,000 shares of common stock on NASDAQ through J.P. Morgan Securities LLC. The filing shows an aggregate market value of $179,250 for the shares and lists an approximate sale date of 09/15/2025. The shares were acquired by the seller as RSUs that vested on 11/15/2023, and the filing indicates those shares were received as compensation. The filer reports no securities sold in the past three months for the account in question. The notice includes the standard representation that the seller does not possess undisclosed material adverse information.

Form 144 filed for Udemy, Inc. (UDMY) reports proposed and recent insider sales of common stock. The filing notifies a planned sale of 50,000 shares through Morgan Stanley Smith Barney on NASDAQ scheduled for 09/10/2025 with an aggregate market value of $341,615. The shares were acquired on 11/15/2022 from restricted stock vesting under a registered plan. The filer, Gregory Scott Brown, sold 250,000 shares across four transactions in the past three months (50,000 on 09/03/2025, 50,000 on 08/27/2025, 50,000 on 08/20/2025 and 100,000 on 08/13/2025) generating aggregate gross proceeds of $1,710,575. The notice includes the signer’s representation that they are not aware of undisclosed material adverse information.