Udemy (UDMY) director granted 1,596 RSUs in lieu of cash retainer

Rhea-AI Filing Summary

Udemy, Inc. director Marylou Maco received a stock-based compensation award in the form of restricted stock units. On March 31, the director acquired 1,596 shares of Udemy common stock through RSUs granted under the company’s 2021 Equity Incentive Plan at no cash cost per share.

The RSUs vested immediately upon grant, and the director elected to receive these RSUs instead of 50% of the regular cash retainer. Following this compensation-related award, the director now directly holds 60,484 shares of Udemy common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Maco Marylou

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,596	$0.00	--

Holdings After Transaction: Common Stock — 60,484 shares (Direct)

Footnotes (1)

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Key Figures

RSU grant size: 1,596 shares Grant price per share: $0.00 per share Shares held after grant: 60,484 shares

3 metrics

RSU grant size 1,596 shares Restricted stock units granted on March 31 under 2021 Equity Incentive Plan

Grant price per share $0.00 per share RSUs received as compensation, not purchased in the market

Shares held after grant 60,484 shares Director’s direct Udemy common stock holdings following the RSU award

Key Terms

restricted stock units ("RSUs"), 2021 Equity Incentive Plan, cash retainer

3 terms

restricted stock units ("RSUs") financial

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

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

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 50% of such person's cash retainer."

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^*

Maco Marylou

(Last) (First) (Middle)

C/O UDEMY, INC.

600 HARRISON STREET, 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		1,596(1)	A	$0	60,484	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 50% of such person's cash retainer.

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 insider transaction did Udemy (UDMY) report for director Marylou Maco?

Udemy reported that director Marylou Maco received 1,596 restricted stock units as stock-based compensation. The RSUs were granted under Udemy’s 2021 Equity Incentive Plan and vested immediately, increasing her direct holdings to 60,484 common shares after the transaction.

Was the Udemy (UDMY) insider transaction a stock purchase or a compensation grant?

The transaction was a compensation grant, not a market purchase. Director Marylou Maco received 1,596 restricted stock units at no cash cost per share, as an equity award under Udemy’s 2021 Equity Incentive Plan, in lieu of part of her regular cash retainer.

How many Udemy (UDMY) shares does director Marylou Maco hold after the RSU grant?

After receiving 1,596 restricted stock units that vested immediately, director Marylou Maco directly holds 60,484 shares of Udemy common stock. This figure reflects her position immediately following the reported compensation-related equity award on March 31 under the 2021 Equity Incentive Plan.

What are the key terms of the RSUs granted to Udemy (UDMY) director Marylou Maco?

The award consists of 1,596 restricted stock units that vest immediately upon grant. They were issued under Udemy’s 2021 Equity Incentive Plan, carry a grant price of $0.00 per share, and were elected by the director instead of 50% of her cash retainer.

Did Udemy (UDMY) director Marylou Maco use a Rule 10b5-1 plan for this transaction?

The filing describes the transaction as a grant of restricted stock units for board compensation, not an open-market trade. The footnote explains the award terms and cash-retainer election but does not reference any Rule 10b5-1 trading plan or pre-arranged trading arrangement.