Udemy CFO gets 97,352 PSU shares in amendment
Blanchard Sarah reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Blanchard Sarah reported acquisition or exercise transactions in this Form 4 filing.
Udemy, Inc.’s Chief Financial Officer Sarah Blanchard was granted 97,352 shares of common stock under a performance-based restricted stock unit (PSU) award. This amended Form 4 corrects a prior filing that mistakenly reported 97,532 shares becoming subject to time-based vesting.
The PSUs were granted under a March 15, 2025 award after a performance condition was achieved on February 23, 2026. They now vest over time: one-third on February 24, 2026, and 1/12 of the total on each March 15, June 15, September 15, and December 15 starting June 15, 2026, contingent on her continued service. Following this grant, she directly holds 1,300,459 shares.
Positive
- None.
Negative
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Insider Trade Summary
Grant/Award: 97,352 shares
Grant/Award
1 txn
Insider
Blanchard Sarah
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 97,352 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,300,459 shares (Direct)
Footnotes (2)
- F1. On February 25, 2026, the reporting person filed a Form 4 which inadvertently reported that, following achievement of a performance-based vesting condition, a total of 97,532 shares underlying performance-based restricted stock units became subject to time-based vesting. In fact, as reported in this amendment, the correct total was 97,352 shares.
- F2. Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 15, 2025. On February 23, 2026, a performance-based vesting condition was achieved with respect to the award. The PSUs remain subject to time-based vesting under which one-third of the total number of PSUs vest on February 24, 2026, and then 1/12th of the total number of PSUs will vest on each March 15, June 15, September 15, and December 15 thereafter, starting with June 15, 2026, subject to the reporting person's continuous service with the issuer.
Key Figures
PSU shares granted: 97,352 shares
Shares held after transaction: 1,300,459 shares
Original misreported PSU amount: 97,532 shares
+2 more
5 metrics
PSU shares granted
97,352 shares
Performance-based RSU award; became subject to time-based vesting on February 23–24, 2026
Shares held after transaction
1,300,459 shares
Direct Udemy common stock ownership following the PSU grant
Original misreported PSU amount
97,532 shares
Incorrect total in the February 25, 2026 Form 4, corrected by this amendment
PSU award date
March 15, 2025
Date of performance-based restricted stock unit award to the CFO
Performance condition achievement date
February 23, 2026
Date on which the PSU performance-based vesting condition was achieved
Key Terms
performance-based restricted stock unit, PSU, time-based vesting, continuous service
4 terms
performance-based restricted stock unit financial
"Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 15, 2025."
A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.
PSU financial
"Represents shares of common stock under a performance-based restricted stock unit ("PSU") award dated March 15, 2025."
A PSU is a company where the government owns a controlling stake and often plays a direct role in its management and strategy. Think of it like a business that operates with public oversight, similar to a town-run utility versus a private neighborhood service. Investors watch PSUs differently because government involvement can affect profits, dividend policies, regulatory treatment and stability, so these stocks may behave more like policy instruments than pure market-driven enterprises.
time-based vesting financial
"The PSUs remain subject to time-based vesting under which one-third of the total number of PSUs vest on February 24, 2026, and then 1/12th..."
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
continuous service financial
"...starting with June 15, 2026, subject to the reporting person's continuous service with the issuer."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Udemy (UDMY) report for CFO Sarah Blanchard?
Udemy reported that CFO Sarah Blanchard received 97,352 shares of common stock through a performance-based restricted stock unit award. The grant followed achievement of a performance vesting condition, and the units now convert to time-based vesting, adding to her existing share ownership.
Why was this Udemy (UDMY) Form 4/A filed as an amendment?
The amendment corrects a prior Form 4 that overstated the PSU shares. The earlier filing said 97,532 shares became subject to time-based vesting; the accurate total, confirmed in this amendment, is 97,352 shares, a modest but important correction to the reported grant size.
How do the granted PSUs for Udemy (UDMY) CFO vest over time?
The PSUs vest in stages once the performance condition was achieved on February 23, 2026. One-third vests on February 24, 2026, then 1/12 vests on each March 15, June 15, September 15, and December 15, starting June 15, 2026, if she remains in continuous service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
