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.
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.
Coursera filed a preliminary Form S-4 on February 25, 2026, registering Coursera shares to be issued to Udemy shareholders in connection with the proposed combination. The S-4 provides detailed transaction information, financial data and risk factors ahead of the required shareholder votes. Leadership teams have begun integration planning and a March 10 All-Hands will share further details.
Udemy, Inc. filed a Form S-4 on February 25, 2026 to register Coursera shares to be issued in the proposed business combination with Coursera, Inc.
The S-4 will serve as a prospectus for the Coursera shares and a joint proxy statement for both companies; completion remains subject to shareholder approval and other customary closing conditions. Integration planning and leadership coordination are underway.
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.
Udemy, Inc. filed its annual report describing an AI-focused learning platform and a planned all-stock merger with Coursera. Udemy stockholders are expected to receive 0.800 shares of Coursera common stock for each Udemy share, with Coursera holders owning about 59% of the combined company and Udemy holders about 41%.
The company highlights a 2025 shift to a subscription-first model, with subscriptions providing 72% of total revenue and the Enterprise (Udemy Business) segment contributing 66% of revenue. Udemy serves nearly 84 million learners with over 290,000 courses and 90,000 instructors, and emphasizes AI-powered personalization, analytics and enterprise workforce upskilling.
Key risks center on completing the Coursera merger, integration uncertainty, potential litigation, business disruption, and broader challenges such as a history of losses, intense competition, evolving online learning demand, and the need to retain key instructors, customers and employees.
Udemy shared communications with its instructor community about the planned business combination with Coursera, including a video message and transcript from Coursera CEO Greg Hart explaining the vision and principles behind the transaction. The message emphasizes the value of creator expertise, the open marketplace model, and that integration planning is underway while both companies will operate as separate companies until the transaction closes.
The communication reiterates four guiding principles — creator expertise, complementary learning models, AI-enabled innovation, and trust/clarity with creators — and includes a standard cautionary note about forward-looking statements and references to the forthcoming Form S-4 joint proxy statement/prospectus.
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.
Prosus N.V., MIH Edtech Investments B.V., and Naspers Ltd report that they now beneficially own 0 shares of Udemy, Inc. common stock, representing 0.0% of the class as of 12/31/2025. Each reporting person discloses no sole or shared voting or dispositive power over Udemy shares.
The filing explains that MIH Edtech is a subsidiary of Prosus and that Naspers holds a majority of Prosus’s voting power, but all three entities report ownership of 5 percent or less of Udemy’s common stock.
Coursera and Udemy report that the planned business combination has passed a key step in its regulatory review. The U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino antitrust law, meaning the U.S. premerger antitrust review is complete. Closing still depends on customary conditions, including additional regulatory clearances outside the U.S. and approval by stockholders of both companies. Until completion, Coursera and Udemy will continue operating as separate, independent businesses while jointly planning for integration. The communication also highlights extensive forward-looking risk factors and explains that a registration statement on Form S-4 with a joint proxy statement/prospectus will be filed, which investors are urged to read in full when available.