STOCK TITAN

[Form 4] Udemy, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4

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, Inc. (UDMY) la persona di segreteria Robert Rosenthal, presidente di Udemy Business, ha riportato una transazione non derivativa datata 09/15/2025 in cui sono state dispose 10,777 azioni ordinarie al prezzo di $7.17 per azione. Il modulo indica che tali azioni sono state ritenute dall’emittente per soddisfare le esigenze fiscali di ritenuta relative all vesting e alla liquidazione di restricted stock units e/o performance stock units; il dichiarante specifica nessuna azione venduta. A seguito della transazione, il soggetto reportante deteneva beneficiariamente 328,599 azioni, detenute direttamente. Il Form 4 è stato firmato da un procuratore-in-fatto il 09/16/2025.

Udemy, Inc. (UDMY) la persona que reporta, Robert Rosenthal, presidente de Udemy Business, informó una transacción no derivada con fecha 15/09/2025 en la que se dispusieron 10,777 acciones comunes a un precio de $7.17 por acción. El formulario indica que estas acciones fueron retenidas por el emisor para satisfacer los requisitos de retención fiscal sobre la adjudicación y liquidación de unidades de acciones restringidas y/o unidades de acciones de rendimiento; el declarante señala explícitamente que no se vendieron acciones. Tras la transacción reportada, la persona reportante poseía de modo beneficioso 328,599 acciones, en forma directa. El Formulario 4 fue firmado por un apoderado el 16/09/2025.

Udemy, Inc. (UDMY) 보고자 로버트 로젠탈, Udemy Business의 사장이 날짜 2025-09-15에 비파생적 거래를 보고했고, 보통주 10,777주를 주당 $7.17의 가격으로 처분했습니다. 양식에는 이 주식들이 발행자가 세금 원천징수를 충족하기 위해 보유되었다고 기재되어 있으며, 제한 주식 단위 및/또는 성과 주식 단위의 부여·결산과 관련되어 있습니다; 신고자는 매도 주식 없음을 명시합니다. 보고된 거래 후 보고자는 직접 보유하여 이익상으로 328,599주의 주식을 소유하고 있었습니다. Form 4는 2025-09-16에 대리인에 의해 서명되었습니다.

Udemy, Inc. (UDMY) — la personne déclarant, Robert Rosenthal, président d’Udemy Business, a rapporté une opération non dérivée datée du 15/09/202510 777 actions ordinaires ont été cédées au prix de $7.17 l’action. Le formulaire indique que ces actions ont été retenues par l’émetteur pour satisfaire les exigences de retenue d’impôt sur l’acquisition et le règlement des unités d’actions restreintes et/ou des unités d’actions de performance; le déclarant précise qu’aucune action n’a été vendue. À la suite de la transaction rapportée, la personne déclarante détenait avantageusement 328 599 actions, détenues directement. Le Formulaire 4 a été signé par un mandataire le 16/09/2025.

Udemy, Inc. (UDMY) meldende Person Robert Rosenthal, Präsident von Udemy Business, hat eine nicht ableitbare Transaktion mit dem Datum 15.09.2025 gemeldet, bei der 10.777 Stammaktien zu einem Preis von 7,17 USD pro Aktie veräußert wurden. Das Formular gibt an, dass diese Aktien vom Emittenten einbehalten wurden, um die Steuerabzugspflichten zu erfüllen bezüglich der Vesting- und Abwicklung von Restricted Stock Units und/oder Performance Stock Units; der Melder notiert ausdrücklich keine Aktien verkauft. Nach der gemeldeten Transaktion hielt die meldende Person juridisch-beneficial 328.599 Aktien, direkt gehalten. Das Formular 4 wurde von einem Bevollmächtigten am 16.09.2025 unterzeichnet.

Udemy, Inc. (UDMY) شخصية الإبلاغ روبرت روزينثال، رئيس Udemy Business، أبلغت عن معاملة غير مشتقة بتاريخ 15/09/2025 حيث تم التصرف في 10,777 سهمًا من الأسهم العادية بسعر $7.17 للسهم. تنص النموذج على أن هذه الأسهم تم حجزها من قبل المصدر لتلبية متطلبات حجز الضرائب على الاستحقاق وتصفية وحدات الأسهم المقيدة و/أو وحدات الأسهم لأداء؛ يذكر المبلغون صراحةً أنه لم يتم بيع أي أسهم. عقب المعاملة المبلغ عنها، كانت الشخص ربحياً يمتلك 328,599 سهمًا بشكل مباشر. وتم توقيع النموذج 4 من قبل وكيل قانوني في 16/09/2025.

Udemy, Inc.(UDMY) 报告人 Robert Rosenthal,Udemy Business 的总裁,汇报了一笔非衍生交易,日期为 2025-09-15,以每股 $7.17 的价格处置了 10,777 股普通股。表格称这些股票是由发行人为满足税收预扣要求而被 扣留用于税务扣缴 的,以满足限制性股票单位和/或绩效股票单位的授予与结算;申报人明确注明 没有股票被出售。在此次交易后,申报人实际拥有 328,599 股股票,直接持有。Form 4 于 2025-09-16 由代理律师签署。

Positive
  • Beneficial ownership after the transaction is clearly reported as 328,599 shares
  • Transaction type is administrative tax withholding on RSU/PSU vesting and the filer explicitly states no shares were sold
Negative
  • None.

Insights

TL;DR: Routine insider tax-withholding on RSU/PSU vesting; ownership remains substantial and no open-market sale occurred.

The filing documents a common, administrative disposition of 10,777 shares via issuer withholding to cover taxes on equity compensation at $7.17 per share. Such withholding transactions do not represent an economic sale by the insider and therefore do not signal immediate insider-driven liquidity events. The reporting person continues to hold 328,599 shares directly, which is the relevant figure for assessing continued insider exposure to company equity.

TL;DR: Compliance disclosure consistent with standard equity award settlement practices; no governance red flags.

The Form 4 lists the disposition reason as tax withholding on vested restricted/performance stock units and explicitly states no shares were sold. This is a standard post-vesting administrative action and reflects compliance with Section 16 reporting requirements. There is no indication of unusual timing, related-party transactions, or other governance issues in the disclosed items.

Udemy, Inc. (UDMY) la persona di segreteria Robert Rosenthal, presidente di Udemy Business, ha riportato una transazione non derivativa datata 09/15/2025 in cui sono state dispose 10,777 azioni ordinarie al prezzo di $7.17 per azione. Il modulo indica che tali azioni sono state ritenute dall’emittente per soddisfare le esigenze fiscali di ritenuta relative all vesting e alla liquidazione di restricted stock units e/o performance stock units; il dichiarante specifica nessuna azione venduta. A seguito della transazione, il soggetto reportante deteneva beneficiariamente 328,599 azioni, detenute direttamente. Il Form 4 è stato firmato da un procuratore-in-fatto il 09/16/2025.

Udemy, Inc. (UDMY) la persona que reporta, Robert Rosenthal, presidente de Udemy Business, informó una transacción no derivada con fecha 15/09/2025 en la que se dispusieron 10,777 acciones comunes a un precio de $7.17 por acción. El formulario indica que estas acciones fueron retenidas por el emisor para satisfacer los requisitos de retención fiscal sobre la adjudicación y liquidación de unidades de acciones restringidas y/o unidades de acciones de rendimiento; el declarante señala explícitamente que no se vendieron acciones. Tras la transacción reportada, la persona reportante poseía de modo beneficioso 328,599 acciones, en forma directa. El Formulario 4 fue firmado por un apoderado el 16/09/2025.

Udemy, Inc. (UDMY) 보고자 로버트 로젠탈, Udemy Business의 사장이 날짜 2025-09-15에 비파생적 거래를 보고했고, 보통주 10,777주를 주당 $7.17의 가격으로 처분했습니다. 양식에는 이 주식들이 발행자가 세금 원천징수를 충족하기 위해 보유되었다고 기재되어 있으며, 제한 주식 단위 및/또는 성과 주식 단위의 부여·결산과 관련되어 있습니다; 신고자는 매도 주식 없음을 명시합니다. 보고된 거래 후 보고자는 직접 보유하여 이익상으로 328,599주의 주식을 소유하고 있었습니다. Form 4는 2025-09-16에 대리인에 의해 서명되었습니다.

Udemy, Inc. (UDMY) — la personne déclarant, Robert Rosenthal, président d’Udemy Business, a rapporté une opération non dérivée datée du 15/09/202510 777 actions ordinaires ont été cédées au prix de $7.17 l’action. Le formulaire indique que ces actions ont été retenues par l’émetteur pour satisfaire les exigences de retenue d’impôt sur l’acquisition et le règlement des unités d’actions restreintes et/ou des unités d’actions de performance; le déclarant précise qu’aucune action n’a été vendue. À la suite de la transaction rapportée, la personne déclarante détenait avantageusement 328 599 actions, détenues directement. Le Formulaire 4 a été signé par un mandataire le 16/09/2025.

Udemy, Inc. (UDMY) meldende Person Robert Rosenthal, Präsident von Udemy Business, hat eine nicht ableitbare Transaktion mit dem Datum 15.09.2025 gemeldet, bei der 10.777 Stammaktien zu einem Preis von 7,17 USD pro Aktie veräußert wurden. Das Formular gibt an, dass diese Aktien vom Emittenten einbehalten wurden, um die Steuerabzugspflichten zu erfüllen bezüglich der Vesting- und Abwicklung von Restricted Stock Units und/oder Performance Stock Units; der Melder notiert ausdrücklich keine Aktien verkauft. Nach der gemeldeten Transaktion hielt die meldende Person juridisch-beneficial 328.599 Aktien, direkt gehalten. Das Formular 4 wurde von einem Bevollmächtigten am 16.09.2025 unterzeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Rosenthal Robert

(Last) (First) (Middle)
C/O UDEMY, INC.
600 HARRISON STREET, 3RD FLOOR

(Street)
SAN FRANCISCO CA 94107

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Udemy, Inc. [ UDMY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Udemy Business
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/15/2025 F 10,777(1) D $7.17 328,599 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld by the issuer to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units. No shares were sold.
Remarks:
/s/ James Babikian, Attorney-in-Fact 09/16/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Robert Rosenthal report on Form 4 for UDMY?

He reported a disposition of 10,777 common shares on 09/15/2025 via issuer withholding at $7.17 per share to satisfy tax withholding from vested equity awards.

Did the Form 4 indicate an open-market sale by the insider (UDMY)?

No. The filing explicitly states no shares were sold; the shares were withheld by the issuer for tax withholding on vested awards.

How many UDMY shares does the reporting person own after the transaction?

The Form 4 reports the reporting person beneficially owned 328,599 shares following the transaction.

When was the Form 4 signed for this UDMY filing?

The signature on the Form 4 was executed by an attorney-in-fact on 09/16/2025.

What role does the reporting person hold at Udemy?

The reporting person, Robert Rosenthal, is listed as President, Udemy Business and an officer of the issuer.
Udemy, Inc.

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