Form 4: Udemy CEO Gregory Scott Brown Reports Stock Disposal for Tax Obligations

Udemy's CEO, Gregory Scott Brown, disposed of 11,188 shares of common stock to cover tax withholding requirements related to vesting and settlement of restricted stock units and/or performance stock units.

Summary

• On February 15, 2025, Gregory Scott Brown, the President and CEO of Udemy, Inc., disposed of 11,188 shares of common stock.
• The transaction was executed to satisfy tax withholding requirements associated with the vesting and settlement of restricted stock units and/or performance stock units.
• The price per share was $10.01.
• Following the transaction, Brown directly owns 1,151,896 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects a standard transaction for tax purposes and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for stock disposals by executives.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes by an executive.

Key Dates

Keywords

Form 4, Beneficial Ownership, Gregory Scott Brown, Udemy, UDMY, Stock Disposal, Tax Withholding, Restricted Stock Units, Performance Stock Units