4/A: Udemy CFO Corrects Tax Withholding on Stock Vesting

Udemy's Chief Financial Officer, Sarah Blanchard, filed an amended Form 4 to correct the number of shares withheld for tax purposes related to vested stock units.

Summary

• An amendment to a previously filed Form 4 was submitted by Sarah Blanchard, Chief Financial Officer of Udemy, Inc.
• The amendment corrects the number of common stock shares withheld by the issuer to satisfy tax obligations on vested stock units.
• The original filing inadvertently reported 25,619 shares withheld.
• The corrected amount of shares withheld is 14,842.
• These shares were withheld at a price of $5.25 per share.
• The withholding was due to the vesting and settlement of restricted stock units and/or performance stock units.
• No shares were sold by the reporting person in this specific transaction.
• Following this transaction, and after giving effect to separate 10b5-1 sales on December 15, 2025, Sarah Blanchard beneficially owns 1,218,823 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: Neutral. The filing is a routine correction of an administrative error in an insider transaction, with no material impact on the company's financial health or outlook. The correction itself is a positive for transparency, but the initial error is a minor negative.

Positives

• The correction of a previous error demonstrates transparency and adherence to reporting requirements.
• The actual number of shares withheld for tax was lower than initially reported, meaning the CFO retained more shares than previously indicated for this specific transaction.

Negatives

• An initial error in reporting required an amendment, which could indicate minor administrative oversight.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor impact, as it clarifies the exact number of shares held by a key executive, slightly increasing the reported beneficial ownership compared to the initial erroneous filing.

Key Dates

Recommendation

This filing is an administrative correction of an insider transaction and does not provide new information regarding the company's operational performance, financial health, or strategic direction. Therefore, it does not warrant a change in investment recommendation. Investors should hold their position and await more substantive company updates.

Keywords

Udemy, UDMY, SEC Form 4/A, Beneficial Ownership, Stock Vesting, Tax Withholding, Restricted Stock Units, Performance Stock Units, CFO, Sarah Blanchard