Form 4: Udemy CEO Gregory Brown Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Udemy's President and CEO, Gregory Scott Brown, disposed of shares to cover tax obligations related to vesting and settlement of stock units.
Summary
- On May 15, 2024, Gregory Scott Brown, the President and CEO of Udemy, Inc., disposed of 39,677 shares of common stock to satisfy tax obligations.
- The transaction was executed at a price of $9.82 per share.
- Following the transaction, Brown directly owns 1,300,795 shares of Udemy common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a routine event.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock sales by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Gregory Scott Brown disposed of shares. |
| 05/16/2024 | Date of signature by Attorney-in-Fact. |
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