[Form 4] Udemy, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Filing Overview: Udemy, Inc. (UDMY) filed a Form 4 on 06/20/2025 disclosing that director Debra J. Chrapaty received 14,754 restricted stock units (RSUs) on 06/17/2025 under the company’s outside-director compensation policy. The RSUs carry a cost basis of $0 and convert into common shares upon vesting.

Vesting Terms: The award will fully vest on the earlier of (i) Udemy’s next annual stockholder meeting or (ii) the one-year anniversary of the grant date, contingent on Chrapaty’s continued board service.

Post-transaction Ownership: Following the grant, Chrapaty beneficially owns 58,888 common shares, all held directly.

Materiality & Market Impact: This is a routine, non-open-market equity grant representing a fraction of Udemy’s outstanding shares and does not involve cash proceeds, sales, or derivative exercises. Consequently, it carries negligible dilution and signaling effects and is unlikely to influence UDMY’s valuation.

Investor Takeaways:

• Confirms regular alignment of director incentives with shareholder interests through equity compensation.
• No new strategic, operational, or financial information was provided.

Insights

Corporate Governance Analyst

TL;DR: Routine director RSU grant; neutral market impact.

This Form 4 simply documents an annual equity award of 14,754 RSUs to director Debra Chrapaty. Such awards are standard practice to align board members with shareholders and signal continued board engagement. The size is immaterial relative to Udemy’s float, involves no cash transaction, and contains no insider buying or selling cues. As a governance event it is normal and does not alter the company’s risk, capital structure, or strategic outlook. I rate the impact as neutral.

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chrapaty Debra J.

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

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	06/17/2025		A		14,754(1)	A	$0	58,888	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. Represents the grant of restricted stock units (RSUs) under the Issuer's outside director compensation policy. The RSUs will fully vest on the earlier of (i) the date of the Issuer's next annual meeting of stockholders or (ii) the one year anniversary of the grant date, in either case subject to the Reporting Person's continuous service with the Issuer.

Remarks:

	/s/ James Babikian, Attorney-in-Fact	06/20/2025
	** 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 insider transaction did Udemy (UDMY) report on Form 4?

Director Debra J. Chrapaty was granted 14,754 RSUs on 06/17/2025.

When will the 14,754 RSUs awarded to Debra Chrapaty vest?

They fully vest on the earlier of the next Udemy annual meeting or one year from the 06/17/2025 grant date.

How many Udemy shares does Debra Chrapaty own after the grant?

After the transaction she beneficially owns 58,888 common shares.

Does the filing indicate any shares were sold or purchased on the open market?

No. The RSUs were granted at $0 cost; no open-market purchases or sales occurred.

Is this Form 4 likely to affect Udemy’s stock price?

The filing is routine and immaterial, so it is unlikely to move the share price.