Form 4: Udemy CFO Sarah Blanchard Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Sarah Blanchard, CFO of Udemy, Inc., disposed of 8,297 shares of common stock on June 15, 2024, to cover tax obligations related to vesting of stock units.
Summary
- On June 15, 2024, Sarah Blanchard, the Chief Financial Officer of Udemy, Inc., disposed of 8,297 shares of Udemy's common stock.
- The transaction was executed to satisfy tax obligations arising from the vesting and settlement of Restricted Stock Units and/or Performance Stock Units.
- The shares were disposed of at a price of $8.31 per share.
- Following the transaction, Blanchard directly owns 1,088,366 shares of Udemy common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of stock disposal transaction |
| 06/17/2024 | Date of signature on the Form 4 filing |
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