Form 4: Udemy CFO Sarah Blanchard Reports Stock Transactions

Udemy CFO Sarah Blanchard reported the acquisition of performance-based restricted stock units and subsequent tax-related share withholding.

Summary

• Sarah Blanchard, Chief Financial Officer of Udemy, Inc. (UDMY), reported transactions involving the company's common stock.
• On February 23, 2026, Blanchard acquired 97,532 shares of common stock at a price of $0, stemming from a performance-based restricted stock unit (PSU) award dated March 15, 2025, where a performance vesting condition was achieved.
• Following this acquisition, Blanchard's beneficial ownership increased to 1,300,639 shares.
• On February 24, 2026, 14,376 shares of common stock were disposed of at a price of $4.91 per share to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units.
• No shares were sold by the reporting person in the tax withholding transaction.
• After the tax withholding, Blanchard's beneficial ownership stands at 1,286,263 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports routine insider transactions related to executive compensation and tax withholding, which are standard operational events and do not inherently indicate positive or negative company performance beyond the initial achievement of PSU vesting conditions.

Positives

• A performance-based vesting condition for 97,532 PSUs was achieved, indicating the company met specific performance targets tied to executive compensation.

Future Outlook

The remaining PSUs are subject to time-based vesting, with one-third vesting on February 24, 2026, and then 1/12th of the total PSUs vesting quarterly on March 15, June 15, September 15, and December 15 thereafter, starting with June 15, 2026, contingent on continuous service.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and ownership changes. These routine filings are common across all publicly traded companies and reflect the mechanics of equity-based compensation plans.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and ownership, confirming the achievement of performance targets for a portion of the CFO's equity awards.
• Employees: Reflects standard equity compensation practices for executives, which may be part of broader company compensation strategies.

Next Steps

• Continued time-based vesting of PSUs on a quarterly schedule, starting June 15, 2026, subject to continuous service.

Key Dates

Keywords

Udemy, UDMY, Sarah Blanchard, CFO, Form 4, Insider Transaction, Restricted Stock Units, PSU, Stock Vesting, Tax Withholding