Udemy officer reports tax-share withholding on 10,777 shares

Udemy, Inc. reported an insider equity compensation event by its President, Udemy Business.

Rhea-AI Filing Summary

Udemy, Inc. reported an insider equity compensation event by its President, Udemy Business. On 12/15/2025, 10,777 shares of common stock were withheld by the company at $5.25 per share to satisfy tax withholding on the vesting and settlement of restricted stock units and/or performance stock units, and no shares were sold.

After this automatic tax withholding, the officer beneficially owns 317,822 shares of Udemy common stock, held directly. This represents routine administration of stock-based compensation rather than a discretionary open-market transaction.

Insider Trade Summary

Exercise Price or Tax Liability: 10,777 shares

Exercise Price or Tax Liability 1 txn

Insider Rosenthal Robert

Role President, Udemy Business

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	10,777	$5.25	$57K

Holdings After Transaction: Common Stock — 317,822 shares (Direct)

Footnotes (1)

1. F1. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Udemy (UDMY) report on 12/15/2025?

A Udemy officer reported that 10,777 shares of common stock were withheld by the company on 12/15/2025 at $5.25 per share to satisfy tax withholding on vesting restricted and/or performance stock units.

How many Udemy (UDMY) shares does the officer own after this Form 4 transaction?

Following the reported tax withholding, the officer beneficially owns 317,822 shares of Udemy common stock, held directly.

Was the Udemy (UDMY) Form 4 transaction an open-market sale of shares?

No. The filing states that the shares were withheld by the issuer to satisfy tax withholding requirements and that no shares were sold.

What type of equity was involved in this Udemy (UDMY) Form 4 filing?

The transaction related to Udemy common stock connected to the vesting and settlement of restricted stock units and/or performance stock units.

What is the reporting persons role at Udemy (UDMY)?

The reporting person is an officer of Udemy, serving as President, Udemy Business.

Is this Udemy (UDMY) insider transaction a one-person filing or a group filing?

The report indicates it is a Form filed by One Reporting Person, not a joint or group filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/16/2025 - 04:14 PM Learn about SEC filing dates

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^*

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)
12/15/2025

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	12/15/2025		F		10,777(1)	D	$5.25	317,822	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	12/16/2025
	** 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.