Every Form 4 that Udemy, Inc. (UDMY) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow UDMY and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full UDMY filings page.
Udemy, Inc. director and 10% owner Jeffrey Lieberman reported disposing all of his reported Udemy common stock back to the company. On May 11, 2026, an indirect holding of 38,032,260 shares and a direct holding of 147,477 shares were each recorded as a “Disposition to issuer” at a stated price of $0.00 per share, leaving 0 shares reported following each transaction. The filing notes that details of the indirect ownership are described in Exhibit 99.1.
Udemy, Inc. disclosed that investment entities associated with Insight reported a disposition of 98,286 shares of Common Stock to the company. The transaction was coded as a "Disposition to issuer", carried an indicated price of $0.00 per share, and was reported as indirect ownership. Following the transaction, the reporting indirect position shown for this line item is 0 shares.
Udemy, Inc. received disclosures from multiple affiliated Insight investment entities reporting dispositions of Udemy common stock back to the issuer. On May 11, 2026, five indirect, non-derivative transactions coded "D" as a "Disposition to issuer" were reported at a price of $0.00 per share.
Individual line items include dispositions such as 24,203,192 shares of common stock in one entry and 10,654,754 shares in another, all reported as indirectly held with ownership described as "See footnote." For each reported transaction line, the filing lists 0 shares of common stock owned indirectly following the disposition.
Udemy, Inc. President, Udemy Business, Robert Rosenthal reported two stock transactions. He received a grant of 68,750 shares of common stock as a performance-based restricted stock unit award, then disposed of 485,462 shares to the issuer, leaving him with no Udemy shares directly held. These actions occurred in connection with Udemy’s merger into Coursera, where each Udemy share was converted into the right to receive 0.800 Coursera shares and eligible Udemy RSU awards were assumed by Coursera on the same 0.800-for-1 basis.
Udemy, Inc. Chief Technology Officer Ozzie J. Goldschmied reported equity changes tied to Udemy’s merger with Coursera. He received a grant of 34,375 shares of common stock as a performance-based restricted stock unit award and disposed of 666,767 shares to the issuer, leaving him with no directly held Udemy shares. Footnotes explain that, in connection with the Agreement and Plan of Merger with Coursera, each outstanding Udemy share was converted into the right to receive 0.800 Coursera common shares, and certain Udemy restricted stock unit awards were assumed and converted into Coursera restricted stock units.
Udemy, Inc. Chief Financial Officer Sarah Blanchard reported two equity transactions in common stock connected to Udemy’s merger with Coursera. She disposed of 1,551,295 shares in a transaction categorized as a disposition to the issuer and received a grant or award of 125,000 shares, both at a stated price of $0 per share.
Footnotes explain that a prior performance-based restricted stock unit award was deemed achieved upon a change of control triggered immediately before the merger’s effective time, leaving only time-based vesting. At the effective time of the merger, each share of Udemy common stock was converted into the right to receive 0.800 shares of Coursera common stock, and eligible Udemy restricted stock units were converted into Coursera restricted stock units using the same 0.800 factor.
Udemy, Inc. President and CEO Hugo Sarrazin reported mixed equity changes tied to Udemy’s merger with Coursera. The filing shows issuer dispositions and an award rather than open-market trades. A revocable trust associated with Sarrazin returned 47,580 shares of Udemy common stock to the issuer, and he disposed of a further 1,400,576 directly held shares back to the issuer at a stated price of $0.00 per share in connection with the transaction.
Footnotes explain these movements occurred around the “Effective Time” of the merger under a December 17, 2025 Agreement and Plan of Merger, where each Udemy share converted into 0.800 Coursera shares. A performance-based restricted stock unit award granted effective August 15, 2025 was deemed achieved upon change of control and remained subject only to time-based vesting. In this context, Sarrazin received a grant or award of 168,750 shares of Udemy common stock, leaving him with 1,400,576 shares held directly after the reported transactions.
Udemy, Inc. director Sohaib Abbasi reported a disposition of 114,171 shares of Udemy common stock to the issuer in connection with a merger with Coursera, Inc. This disposition, recorded at a price of $0.0000 per share, reduced his reported direct Udemy holdings to zero shares following the transaction.
Under the Agreement and Plan of Merger, each issued and outstanding share of Udemy common stock at the effective time, other than certain excluded shares, was converted into the right to receive 0.800 shares of Coursera common stock. Certain director restricted stock unit awards tied to Udemy shares were also converted into Coursera common stock using the same 0.800 exchange ratio, rounded to the nearest whole share.
Udemy, Inc. director Natalie Schechtman reported a disposition of 93,657 shares of Udemy common stock back to the issuer, leaving her with zero Udemy shares directly held. The transaction is coded as a disposition to the issuer and reflects the completion of Udemy’s merger with Coursera, Inc.
Under the Agreement and Plan of Merger, a Coursera subsidiary merged into Udemy, making Udemy a wholly owned subsidiary of Coursera. At the effective time of the merger, each issued and outstanding share of Udemy common stock was converted into the right to receive 0.800 shares of Coursera common stock. Certain director restricted stock unit awards tied to Udemy shares were also converted into Coursera common stock using the same 0.800 exchange ratio.
Udemy, Inc. director Marylou Maco reported a disposition of 60,484 shares of Udemy common stock back to the company. This issuer disposition occurred at a stated price of $0.00 per share and reduced her reported direct Udemy holdings to zero.
The transaction is tied to Udemy’s merger with Coursera, Inc. At the merger’s effective time, each outstanding Udemy common share was converted into the right to receive 0.800 shares of Coursera common stock, and eligible director restricted stock units were similarly converted into Coursera shares using the same ratio.
Udemy, Inc. director Lydia Paterson reported disposing of her remaining Udemy equity in connection with the company’s merger into Coursera, Inc. She returned 95,171 shares of Udemy common stock to the issuer at a reported price of $0.00 per share, leaving no common shares directly owned.
She also disposed of a stock option covering 100,000 shares of Udemy common stock with a $6.58 per-share exercise price, again leaving no options outstanding. Under the Merger Agreement dated December 17, 2025, each Udemy common share outstanding at the effective time was converted into the right to receive 0.800 shares of Coursera common stock, and most Udemy equity awards were either converted into Coursera awards or, if underwater, cancelled for no consideration.
Udemy director Heather Hiles reported the disposition of her Udemy equity in connection with the company’s merger with Coursera. She disposed of 70,143 shares of Udemy common stock and 100,000 stock options, leaving zero Udemy shares and options directly owned after the transactions.
Under the Agreement and Plan of Merger, Udemy became a wholly owned subsidiary of Coursera. Each Udemy common share outstanding at the merger’s effective time was converted into the right to receive 0.800 Coursera common shares, and most director restricted stock units and stock options were converted into Coursera stock awards or cancelled if underwater.
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.
Udemy, Inc. Chief Financial Officer Sarah Blanchard reported a tax-related share disposition. On the Form 4, 4,846 shares of Udemy common stock were withheld at a price of $4.74 per share to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units and/or performance stock units. A footnote clarifies that no shares were sold. Following this transaction, she directly holds 1,426,295 Udemy shares.
Blanchard Sarah reported acquisition or exercise transactions in this Form 4 filing.
Udemy, Inc.’s Chief Financial Officer Sarah Blanchard was granted 97,352 shares of common stock under a performance-based restricted stock unit (PSU) award. This amended Form 4 corrects a prior filing that mistakenly reported 97,532 shares becoming subject to time-based vesting.
The PSUs were granted under a March 15, 2025 award after a performance condition was achieved on February 23, 2026. They now vest over time: one-third on February 24, 2026, and 1/12 of the total on each March 15, June 15, September 15, and December 15 starting June 15, 2026, contingent on her continued service. Following this grant, she directly holds 1,300,459 shares.
Udemy, Inc. Chief Financial Officer Sarah Blanchard reported a routine tax-related share withholding. On the vesting and settlement of restricted stock units and/or performance stock units, 9,599 shares of common stock were withheld by Udemy to satisfy tax withholding requirements. The footnote clearly states that no shares were sold; this was not an open-market transaction. After this withholding, Blanchard directly holds 1,431,321 shares of Udemy common stock, indicating she retains a substantial equity position.
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.
Paterson Lydia reported acquisition or exercise transactions in this Form 4 filing.
Udemy, Inc. director Lydia Paterson received a grant of 3,246 restricted stock units (RSUs) of common stock as compensation. These RSUs were granted under Udemy’s 2021 Equity Incentive Plan, vest immediately upon grant, and were taken in lieu of a cash retainer.
The settlement of these RSUs is deferred until the earlier of January 1, 2029 or her separation of service from Udemy, meaning the shares will be delivered at that future time. Following this award, she directly holds 95,171 shares/units of Udemy common stock.
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.
Udemy, Inc. reported that Robert Rosenthal, President of Udemy Business, had 10,777 shares of common stock withheld on March 15, 2026 to cover tax obligations tied to the vesting of restricted and/or performance stock units. The footnote states that no shares were sold. After this tax-withholding disposition, Rosenthal directly holds 416,712 shares of Udemy common stock.
Udemy, Inc. Chief Financial Officer Sarah Blanchard reported two stock transactions involving the company’s common stock. On March 13, 2026, she sold 25,000 shares in an open-market transaction at a weighted average price of $4.775 per share under a Rule 10b5-1 trading plan adopted on March 14, 2025.
On March 15, 2026, 14,843 shares were withheld by Udemy at $4.77 per share to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units; no shares were sold in that transaction. After these transactions, she directly holds 1,440,920 shares of Udemy common stock.
Udemy, Inc. reported that Chief Technology Officer Ozzie J. Goldschmied acquired 91,666 shares of common stock through a grant of restricted stock units (RSUs) at a price of $0.0000 per share. Following this award, his directly held stake increased to 632,392 shares.
The RSUs were granted under Udemy's 2021 Equity Incentive Plan. According to the terms, one quarter of the RSUs will vest on June 15, 2026, with additional portions vesting on each quarterly anniversary after that date, as long as he continues providing service to the company.
Rosenthal Robert reported acquisition or exercise transactions in this Form 4 filing.
Udemy, Inc. reported that Robert Rosenthal, President of Udemy Business, received a grant of 80,500 shares of common stock in the form of restricted stock units under the company’s 2021 Equity Incentive Plan. Following this award, his directly held common stock increased to 427,489 shares.
The RSUs vest over time, with one quarter scheduled to vest on June 15, 2026 and additional portions on each quarterly anniversary after that date, as long as he continues serving at the company. This structure ties a meaningful portion of his compensation to Udemy’s long-term performance and ongoing employment.
Udemy, Inc. reported that Chief Financial Officer Sarah Blanchard acquired 194,500 shares of common stock through a grant of restricted stock units under the 2021 Equity Incentive Plan. The RSUs carry no purchase price and increase her directly held stake to 1,480,763 shares.
According to the terms, one-quarter of the RSUs will vest on June 15, 2026, with additional portions vesting on each quarterly anniversary thereafter, as long as she continues to provide service to Udemy. This structure ties a significant portion of her compensation to ongoing tenure with the company.
Sarrazin Hugo reported acquisition or exercise transactions in this Form 4 filing.
Udemy, Inc. director, President and CEO Hugo Sarrazin reported an equity compensation award in the form of restricted stock units covering 305,500 shares of common stock at a stated price of $0.00 per share. The award was granted under Udemy’s 2021 Equity Incentive Plan.
According to the vesting terms, one quarter of these RSUs will vest on June 15, 2026, with additional quarterly vesting thereafter, contingent on his continued service with Udemy. After this grant, he directly reported ownership of 1,231,826 shares and indirect ownership of 47,580 shares held through The Sarrazin Revocable Trust.
Udemy, Inc. Chief Financial Officer Sarah Blanchard reported equity compensation activity involving the company’s common stock. On February 23, 2026, she acquired 97,532 shares at $0.00 per share as a grant under a performance-based restricted stock unit award after a performance condition was achieved. These PSUs remain subject to time-based vesting, with one-third vesting on February 24, 2026 and the remaining two-thirds vesting in quarterly installments starting June 15, 2026, contingent on continued service. On February 24, 2026, 14,376 shares were withheld by Udemy at $4.91 per share to cover tax obligations on the vesting and settlement of restricted stock and performance units, and the filing states that no shares were sold. After these transactions, Blanchard directly owned 1,286,263 shares of Udemy common stock.
Udemy, Inc. executive Robert Rosenthal, President of Udemy Business, reported equity compensation activity involving company common stock. On February 23, 2026, he acquired 34,148 shares through a grant and vesting of performance-based restricted stock units at no cost, following achievement of a performance condition and subject to ongoing time-based vesting.
On February 24, 2026, 4,981 shares were disposed of through shares withheld by Udemy to cover tax withholding obligations upon vesting and settlement of stock units, and the filing states that no shares were sold. After these transactions, Rosenthal directly held 346,989 common shares.
Blanchard Sarah reported disposition transactions in a Form 4 filing for UDMY. The filing lists transactions totaling 4,969 shares at a weighted average price of $4.70 per share. Following the reported transactions, holdings were 1,203,107 shares.
Udemy, Inc. Chief Financial Officer Sarah Blanchard reported an automatic share withholding related to equity compensation. On 01/15/2026, 10,747 shares of Udemy common stock were withheld by the company at $5.19 per share to cover tax obligations arising from the vesting and settlement of restricted stock units and/or performance stock units, and no shares were sold in the market. After this withholding, she directly beneficially owns 1,208,076 shares of Udemy common stock.
Udemy, Inc.’s chief financial officer filed an amended insider ownership report to correct a prior tax-withholding entry on restricted and performance stock units. On December 15, 2025, the issuer withheld 14,842 shares of common stock at $5.25 per share to cover tax obligations on vesting, rather than the previously reported 25,619 shares. The company states that no shares were sold in this transaction, as the shares were retained by the issuer for taxes.
Following this withholding, the officer beneficially owned 1,243,823 shares of Udemy common stock directly. The notes explain that, after separate Rule 10b5-1 sales on December 15, 2025 reported in another insider form filed on December 16, 2025, the officer’s beneficial ownership was 1,218,823 shares. This amendment mainly clarifies the correct tax-withholding share count while confirming the officer’s substantial remaining stake.
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.
Udemy, Inc.'s chief financial officer reported selling 25,000 shares of common stock on December 15, 2025 at a weighted average price of $5.2502 per share. The sale was executed automatically under a Rule 10b5-1 trading plan adopted on March 14, 2025.
After this transaction, the officer directly beneficially owns 1,208,046 shares of Udemy common stock.
Udemy, Inc.'s Chief Financial Officer reported an insider transaction involving company stock. On 12/15/2025, 25,619 shares of common stock were withheld by the issuer at $5.25 per share to cover tax obligations tied to the vesting and settlement of restricted stock units and performance stock units.
After this tax withholding, the CFO directly beneficially owns 1,233,046 Udemy shares. The disclosure states that no shares were sold in the market; the transaction reflects only shares retained by the company for tax purposes.
Udemy, Inc. (UDMY) reported an insider equity transaction by its Chief Financial Officer on a Form 4. On 11/15/2025, the CFO had 4,846 shares of Udemy common stock withheld by the company at a price of $5.18 per share to cover tax withholding obligations tied to the vesting and settlement of restricted and/or performance stock units, and no shares were sold in the market. After this withholding transaction, the CFO beneficially owned 1,258,665 shares of Udemy common stock directly.
Udemy (UDMY) reported an insider transaction for its Chief Financial Officer. On 10/15/2025, the CFO had 9,599 shares of common stock withheld by the issuer to satisfy tax obligations upon the vesting and settlement of RSUs/PSUs (transaction code F) at $6.5 per share. The filing states no shares were sold. Following this event, the CFO directly beneficially owned 1,263,511 shares.
Udemy director Sohaib Abbasi received 3,566 restricted stock units (RSUs) on 09/30/2025 as reported on a Form 4. The RSUs were granted under the 2021 Equity Incentive Plan, vest immediately, and Abbasi elected to receive RSUs in lieu of a cash retainer. He has deferred settlement of those RSUs to the earlier of January 1, 2029 or his separation from the company. After the grant, Abbasi beneficially owns 104,487 shares. The Form 4 was executed by an attorney-in-fact, James Babikian, on 10/01/2025.