Form 4: Udemy CEO Gregory Scott Brown Acquires Additional Shares Through Employee Stock Purchase Plan
SEC Form 4 Filing
Udemy's CEO, Gregory Scott Brown, acquired 2,613 shares of common stock through the company's Employee Stock Purchase Plan (ESPP) at a price of $8.13 per share.
Summary
- On May 20, 2024, Gregory Scott Brown, the President and CEO of Udemy, Inc., acquired 2,613 shares of Udemy's common stock.
- The shares were purchased through the Udemy, Inc. 2021 Employee Stock Purchase Plan (ESPP).
- The purchase price was $8.13 per share.
- This transaction increased Brown's direct holdings to 1,303,408 shares of common stock.
- The acquisition is exempt under Rule 16b-3(c).
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The CEO's participation in the ESPP suggests confidence in the company, but it's a routine transaction.
Positives
- The CEO's participation in the ESPP demonstrates confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It reflects the CEO's participation in a company-sponsored stock purchase plan.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholder sentiment due to the CEO's increased investment in the company.
Key Dates
| Date | Description |
|---|---|
| 05/22/2023 | Offering period begin date for ESPP. |
| 11/20/2023 | ESPP purchase period start date. |
| 05/20/2024 | Date of transaction: Acquisition of shares through ESPP. |
| 05/22/2024 | Date of signature for the Form 4 filing. |
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