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. filed an amendment to its 2025 Annual Report to add detailed disclosures on directors, executive compensation, governance, and audit oversight, and to update cover-page share data. As of March 31, 2026, 145,935,525 common shares were outstanding and non‑affiliate market value was about $778.9 million as of June 30, 2025.
The filing describes a 2025 CEO transition to Hugo Sarrazin, a strategic shift toward AI‑driven, subscription‑focused growth, and an all‑stock merger agreement with Coursera. It explains how short‑ and long‑term incentives were reset to align with new revenue, adjusted EBITDA, and strategic objectives, and how additional PSUs were granted to tie pay to AI and consumer subscription milestones.
Udemy reports 2025 bonuses paid at 90.1% of target, driven by constant‑currency revenue of $784.3 million, adjusted EBITDA of $95.3 million, and full achievement of strategic objectives. The company emphasizes that roughly 90% of executive 2025 total direct compensation was variable, at‑risk pay and highlights stock ownership guidelines, a clawback policy, and double‑trigger change‑in‑control protection. The amendment also details Section 280G tax mitigation steps for the CEO and CTO related to the Coursera transaction and summarizes transition and severance arrangements for former executives.
Udemy, Inc. reported that its stockholders approved its planned merger with Coursera, Inc. at a special online meeting. Holders of 145,824,573 common shares were entitled to vote as of the record date, and 115,121,723 shares were present, forming a quorum. Proposal 1 to adopt the Agreement and Plan of Merger passed with 114,961,096 votes for, 147,832 against, and 12,795 abstentions. Stockholders also approved, on a non-binding advisory basis, merger-related compensation for named executive officers, with 114,153,868 votes for, 827,032 against, and 140,823 abstentions. The merger still depends on remaining closing conditions under the Merger Agreement.
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.
Coursera supplements merger disclosures and updates proxy materials for its proposed combination with Udemy. The company filed a Form 8-K to provide supplemental disclosures to the Joint Proxy Statement/Prospectus for the March 2026 Coursera–Udemy merger, including additional background on board processes, financial assumptions used by advisers, projected cash and net‑cash figures, valuation ranges, and certain projection methodologies. Coursera notes three complaints and several demand letters challenging the Merger’s disclosures and is providing the supplemental text "without admitting any culpability or wrongdoing" to address disclosure claims and avoid delay or distraction.
Udemy Inc: The Vanguard Group filed a Schedule 13G/A (Amendment No. 2) reporting 0 shares of Common Stock and 0% beneficial ownership. The filing explains an internal realignment effective January 12, 2026 that led Vanguard subsidiaries to report ownership separately in reliance on SEC Release No. 34-39538.
The signature block shows the filing was signed by Ashley Grim, Head of Global Fund Administration, on 03/27/2026.
Coursera distributed a letter urging stockholders to vote their proxies for the Special Meeting of Stockholders on April 9, 2026 regarding the proposed all‑stock merger with Udemy. The letter states the Board unanimously recommends voting FOR (i) issuance of Coursera common stock in the Merger, (ii) an amendment to increase authorized common shares, and (iii) any necessary adjournments to solicit additional proxies. The communication cites the definitive joint proxy statement/prospectus declared effective on March 10, 2026 and provides links and contact details for voting and for obtaining SEC filings.