Form 4: Udemy CEO Gregory Scott Brown Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Udemy's President and CEO, Gregory Scott Brown, disposed of 20,002 shares of common stock on June 15, 2024, to cover tax obligations related to vesting of Restricted Stock Units and Performance Stock Units.
Summary
- On June 15, 2024, Gregory Scott Brown, the President and CEO of Udemy, Inc., disposed of 20,002 shares of Udemy's common stock.
- The transaction was executed to satisfy tax obligations related to the vesting and settlement of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs).
- The price per share for the transaction was $8.31.
- Following the transaction, Brown directly owns 1,283,406 shares of Udemy common stock.
Sentiment
Score: 5
Explanation: The document reflects a neutral sentiment as it reports a routine transaction related to tax obligations. It doesn't indicate any positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of transaction: Gregory Scott Brown disposed of 20,002 shares of Udemy common stock. |
| 06/17/2024 | Date of signature: Form 4 signed by Daniel Horwood, Attorney-in-Fact. |
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