UDMY Form 144 Notice: 50K Shares Proposed Sale, August Insider Sales Listed

Rhea-AI Filing Summary

Udemy (UDMY) Form 144 filing for proposed sale of common stock by an insider. The notice shows 50,000 shares of common stock are proposed to be sold through Morgan Stanley Smith Barney LLC with an aggregate market value of $334,665 and an approximate sale date of 09/03/2025. The shares were acquired on 11/15/2022 as restricted stock vesting under a registered plan. The filer reports 150,343,676 shares outstanding for the class. The filing also lists three recent sales by the same person during August 2025: 100,000 shares on 08/13/2025 for $697,610, 50,000 shares on 08/20/2025 for $336,155, and 50,000 shares on 08/27/2025 for $342,145. The notice includes the standard representation that the seller does not possess undisclosed material adverse information.

Positive

• Full Rule 144 disclosure provided including acquisition date, nature of acquisition, broker, proposed sale date, and recent sales history
• Securities were acquired via restricted stock vesting under a registered plan on 11/15/2022, as disclosed

Negative

• Insider sold 200,000 shares in August 2025 (100,000 on 08/13/2025, 50,000 on 08/20/2025, 50,000 on 08/27/2025) per the filing
• Filing does not disclose any use of proceeds or additional context beyond the Rule 144 certification

Insights

Securities/Compliance Analyst

TL;DR: Routine Form 144 insider sale filing; documents proposed sale and recent August 2025 trades by the same person.

The filing is a standard Rule 144 notice showing an insider intends to sell 50,000 Udemy common shares through Morgan Stanley Smith Barney LLC on 09/03/2025. It documents acquisition of the shares via restricted stock vesting on 11/15/2022 and provides required disclosure of three prior sales in August 2025 totaling 200,000 shares. The filing contains the customary certification that no undisclosed material adverse information is known to the seller. From a compliance perspective, the form meets Rule 144 disclosure elements: acquisition details, broker, proposed sale date, and recent sales history.

Financial Analyst

TL;DR: Insider selling activity is documented; filing itself provides limited financial impact information.

The notice quantifies the proposed sale (50,000 shares; $334,665 market value) and lists recent cash proceeds from August 2025 sales. The filing does not include company financials, guidance, or explanation of proceeds use, so it offers limited information for valuation analysis. As disclosed, the shares being sold were acquired through restricted stock vesting on 11/15/2022, which is typical for employee insiders exercising or selling vested awards.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	50000	334665.00	150343676	09/03/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/15/2022	Restricted stock vesting under a registered plan	Issuer			50000	11/15/2022	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
GREGORY SCOTT BROWN 600 Harrison Street 3rd Floor San Francisco CA 94107	Common	08/27/2025	50000	342145.00
GREGORY SCOTT BROWN 600 Harrison Street 3rd Floor San Francisco CA 94107	Common	08/20/2025	50000	336155.00
GREGORY SCOTT BROWN 600 Harrison Street 3rd Floor San Francisco CA 94107	Common	08/13/2025	100000	697610.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Udemy (UDMY) Form 144 report?

The Form 144 reports a proposed sale of 50,000 Udemy common shares with an aggregate market value of $334,665, to be sold through Morgan Stanley Smith Barney LLC on 09/03/2025.

Who is the seller named in the Form 144 for UDMY?

The filing identifies the seller as Gregory Scott Brown with an address at 600 Harrison Street, 3rd Floor, San Francisco, CA 94107.

How and when were the shares being sold acquired?

The 50,000 shares were acquired on 11/15/2022 through restricted stock vesting under a registered plan.

Has the same person sold Udemy shares recently?

Yes. The filing lists three sales in August 2025: 100,000 shares on 08/13/2025 for $697,610, 50,000 shares on 08/20/2025 for $336,155, and 50,000 shares on 08/27/2025 for $342,145.

What representation does the seller make in the Form 144?

The seller represents that they do not know of any material adverse information about the issuer that has not been publicly disclosed and references the Rule 10b5-1 plan language if applicable.