Welcome to our dedicated page for Udemy SEC filings (Ticker: UDMY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Udemy, Inc. filings document the company’s transition from a Nasdaq-listed online learning platform to a wholly owned subsidiary of Coursera after the completed merger. The record includes Form 8-K disclosure of the merger closing, termination of a secured revolving credit facility, and related capital-structure changes, as well as a Form 25 notification covering removal of Udemy common stock from Nasdaq listing and Section 12(b) registration.
Earlier filings cover operating and financial results, material agreements, shareholder voting matters, governance, risk factors, and capital-structure disclosures for Udemy’s enterprise and consumer learning businesses.
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. notifies that its Common Stock has been removed from listing and/or registration on the Nasdaq Stock Market LLC under Section 12(b) via Form 25. The notification is executed by the Exchange, which certifies compliance with the Exchange rules and 17 CFR 240.12d2-2.
Udemy, Inc. has completed its merger with Coursera, Inc., with Chess Merger Sub merging into Udemy and Udemy continuing as a wholly owned subsidiary of Coursera. Each share of Udemy common stock was converted into the right to receive 0.800 shares of Coursera common stock, plus cash in lieu of fractional shares.
Udemy stock options, stock appreciation rights and performance-based and time-based restricted stock units were converted into Coursera equity awards based on the same 0.800 exchange ratio, with underwater options and SARs cancelled for no consideration. Udemy’s undrawn $200 million secured revolving credit facility was terminated and all related obligations were satisfied and liens released.
Trading of Udemy common stock on Nasdaq has been suspended, and Udemy has requested delisting via Form 25, followed by deregistration and termination of its Exchange Act reporting. A change in control occurred, Udemy’s prior directors resigned, new directors were appointed at the surviving corporation, and Udemy’s certificate of incorporation and bylaws were amended and restated.
Udemy, Inc. reported lower quarterly revenue and a wider loss while progressing toward a planned all-stock merger with Coursera. For the three months ended March 31, 2026, revenue was $191.4 million versus $200.3 million a year earlier, and net loss increased to $12.6 million from $1.8 million.
Enterprise revenue grew to $132.9 million from $127.7 million, while Consumer revenue fell to $58.5 million from $72.6 million as transactional course sales declined. Subscription offerings across both segments represented 77% of consolidated revenue. Segment adjusted gross profit was stable at $136.2 million.
Udemy ended the quarter with $252.6 million in cash and cash equivalents and $105.3 million in marketable securities, and generated $15.4 million of net cash from operating activities. Deferred revenue was $301.0 million and remaining performance obligations were $579.7 million. The Coursera merger cleared key shareholder, antitrust, and SEC registration milestones, and Udemy recorded $2.3 million of related acquisition expenses.
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.