Form 4: Udemy CTO Eren Bali Sells Shares Under 10b5-1 Trading Plan

Udemy's Chief Technology Officer, Eren Bali, sold 69,482 shares of common stock at an average price of $9.0023 on February 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 14, 2025, Eren Bali, the Chief Technology Officer of Udemy, Inc., sold 69,482 shares of Udemy's common stock.
• The sale was executed at a weighted average price of $9.0023 per share, with individual transactions occurring between $9.00 and $9.09.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on December 15, 2023.
• Following the transaction, Eren Bali directly owns 2,156,050 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily reflect a change in the insider's view of the company's prospects.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like Rule 10b5-1, which allows insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. The market often interprets these sales in the context of the company's overall performance and the insider's remaining stake.

Stakeholder Impact

• The sale could have a minor negative impact on shareholder sentiment, although the pre-planned nature of the sale mitigates this concern.

Key Dates