Form 4: Udemy CEO Gregory Scott Brown Sells 10,000 Shares

Udemy's CEO, Gregory Scott Brown, sold 10,000 shares of common stock on March 6, 2025, at an average price of $9.4317 per share, according to a Form 4 filing with the SEC.

Summary

• Gregory Scott Brown, the President and CEO of Udemy, Inc., sold 10,000 shares of the company's common stock on March 6, 2025.
• The sale was executed at a weighted average price of $9.4317 per share, with individual transactions occurring between $9.28 and $9.63.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 4, 2024.
• Following the sale, Brown directly owns 1,141,896 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence and are often part of a pre-planned diversification strategy or to cover personal expenses. The use of a 10b5-1 plan suggests the sale was planned well in advance and not based on any specific non-public information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the relatively small number of shares sold and the use of a 10b5-1 plan.

Key Dates