Udemy (UDMY) director’s 58,888-share disposition tied to Coursera stock merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Udemy, Inc. director Debra J. Chrapaty reported a disposition of 58,888 shares of Udemy common stock back to the company at no stated price, leaving her with zero directly held Udemy shares after the transaction.
The filing explains this occurred in connection with a merger in which a Coursera subsidiary merged into Udemy, making Udemy a wholly owned subsidiary of Coursera. At the effective time of the merger, each outstanding Udemy common share was converted into the right to receive 0.800 shares of Coursera common stock. Certain Udemy restricted stock unit awards for directors were also converted into Coursera shares using the same 0.800 exchange ratio.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chrapaty Debra J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 58,888 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- Pursuant to that certain Agreement and Plan of Merger dated December 17, 2025 (the "Merger Agreement") by and among the Issuer, Coursera, Inc. ("Coursera"), and Chess Merger Sub, Inc., a wholly owned subsidiary of Coursera ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Coursera. At the effective time of the Merger (the "Effective Time"), each share of common stock of the Issuer (the "Udemy Common Stock") issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) was converted into the right to receive 0.800 shares of common stock of Coursera ("Coursera Common Stock") and each restricted stock unit award covering shares of Udemy Common Stock that was not subject to performance-based vesting conditions and was not granted in respect of services as a non-employee director of the Issuer (each, a "Director RSU Award") was converted into the right to receive a number of shares of Coursera Common Stock equal to the product of the number of shares of Udemy Common Stock that were subject to the such Director RSU Award as of immediately prior to the Effective Time, multiplied by 0.800 (rounded to the nearest whole share).
Key Figures
Shares disposed: 58,888 shares
Price per share: $0.00 per share
Shares after transaction: 0 shares
+1 more
4 metrics
Shares disposed
58,888 shares
Disposition to issuer reported by director Debra J. Chrapaty
Price per share
$0.00 per share
Recorded disposition price for Udemy common stock
Shares after transaction
0 shares
Total Udemy common shares directly held following disposition
Exchange ratio
0.800 Coursera shares
Coursera common stock per Udemy share at effective time of merger
Key Terms
Agreement and Plan of Merger, Effective Time, restricted stock unit award, Director RSU Award, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to that certain Agreement and Plan of Merger dated December 17, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Effective Time regulatory
"At the effective time of the Merger (the "Effective Time"), each share of common stock"
restricted stock unit award financial
"each restricted stock unit award covering shares of Udemy Common Stock that was not subject"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Director RSU Award financial
"each, a "Director RSU Award") was converted into the right to receive a number"
wholly owned subsidiary financial
"with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Coursera"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
FAQ
What insider transaction did Udemy (UDMY) director Debra Chrapaty report?
Debra J. Chrapaty reported disposing of 58,888 shares of Udemy common stock back to the issuer. The disposition was recorded at a price of $0.00 per share and left her with zero directly held Udemy shares following the transaction.
How were Udemy (UDMY) director restricted stock units treated in the Coursera merger?
Each eligible Udemy director restricted stock unit was converted into Coursera shares using a 0.800 exchange ratio. The number of Coursera shares equals the Udemy shares covered by the award immediately before the effective time, multiplied by 0.800 and rounded to the nearest whole share.
What exchange ratio applied to Udemy (UDMY) common stock in the Coursera merger?
Each share of Udemy common stock outstanding immediately before the merger’s effective time was converted into the right to receive 0.800 shares of Coursera common stock. This fixed share-for-share ratio governed both common stock and eligible director restricted stock unit conversions.