Udemy (UDMY) director Sohaib Abbasi takes 5,411 RSUs instead of cash

Rhea-AI Filing Summary

Udemy, Inc. director Sohaib Abbasi received an equity grant of 5,411 restricted stock units (RSUs) of Common Stock as part of his board compensation. The RSUs were granted under Udemy’s 2021 Equity Incentive Plan and vest immediately upon grant.

Abbasi elected to receive RSUs instead of a cash retainer and to defer settlement of these RSUs until his separation of service from Udemy. Following this award, he holds 114,171 shares of Common Stock directly, indicating this is a routine compensation-related acquisition rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ABBASI SOHAIB

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,411	$0.00	--

Holdings After Transaction: Common Stock — 114,171 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 5,411 RSUs Grant price: $0.00 per share Shares after award: 114,171 shares +2 more

5 metrics

RSUs granted 5,411 RSUs Restricted stock units granted to director on 2026-03-31

Grant price $0.00 per share Equity award received as compensation, not a market purchase

Shares after award 114,171 shares Total Udemy Common Stock held directly after RSU grant

Vesting timing Immediate vesting RSUs vest immediately upon grant under the 2021 plan

Settlement timing At separation of service Settlement of RSUs deferred until separation from Udemy

Key Terms

restricted stock units, 2021 Equity Incentive Plan, cash retainer, separation of service

4 terms

restricted stock units financial

"Represents restricted stock units ("RSUs") granted pursuant to the issuer's 2021 Equity Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

2021 Equity Incentive Plan financial

"RSUs granted pursuant to the issuer's 2021 Equity Incentive Plan."

cash retainer financial

"The reporting person has elected to receive RSUs in lieu of a cash retainer"

separation of service financial

"defer the settlement of the RSUs until separation of service from the issuer"

Form 4 Insider Transactions: What Each Field Means →

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^*

ABBASI SOHAIB

(Last) (First) (Middle)

C/O UDEMY, INC.

600 HARRISON ST, 3RD FLOOR

(Street)

SAN FRANCISCO CALIFORNIA 94107

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/31/2026		A		5,411(1)	A	$0	114,171	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 restricted stock units ("RSUs") granted pursuant to the issuer's 2021 Equity Incentive Plan. The RSUs vest immediately upon grant. The reporting person has elected to receive RSUs in lieu of a cash retainer and defer the settlement of the RSUs until separation of service from the issuer.

Remarks:

	/s/ James Babikian, Attorney-in-Fact	04/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Udemy (UDMY) director Sohaib Abbasi report in this Form 4?

Sohaib Abbasi reported receiving 5,411 restricted stock units of Udemy Common Stock. These RSUs were granted under the 2021 Equity Incentive Plan and represent equity compensation rather than an open-market stock purchase.

How many Udemy (UDMY) shares does Sohaib Abbasi hold after this RSU grant?

After the 5,411 RSU grant, Sohaib Abbasi holds 114,171 Udemy Common Stock shares directly. This filing shows his updated ownership position following the equity award reported as a compensation-related acquisition.

Do the Udemy (UDMY) RSUs granted to Sohaib Abbasi vest immediately?

Yes, the 5,411 restricted stock units granted to Sohaib Abbasi vest immediately upon grant. Although they vest at once, he has chosen to defer settlement of the RSUs until he separates from service with Udemy.

Were the Udemy (UDMY) RSUs granted instead of cash compensation?

Yes. The footnote explains Abbasi elected to receive RSUs in lieu of a cash retainer. This means a portion of his board compensation is paid in restricted stock units rather than cash, aligning compensation with company equity.

When will Sohaib Abbasi’s Udemy (UDMY) RSUs be settled into shares?

Although the RSUs vest immediately, Abbasi elected to defer their settlement until his separation of service from Udemy. Actual share delivery therefore occurs when he leaves the board or otherwise ends his service.

Under which plan were the Udemy (UDMY) RSUs to Sohaib Abbasi granted?

The 5,411 restricted stock units were granted under Udemy’s 2021 Equity Incentive Plan. This plan governs equity-based compensation such as RSUs for eligible participants, including directors like Sohaib Abbasi.