Form 4: Udemy CTO Granted 91,666 RSUs in Equity Incentive Plan

Udemy's Chief Technology Officer, Ozzie J. Goldschmied, was granted 91,666 restricted stock units as part of the company's 2021 Equity Incentive Plan.

Summary

• Ozzie J. Goldschmied, Chief Technology Officer of Udemy, Inc. (UDMY), acquired 91,666 shares of Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction date for this grant was February 27, 2026.
• The acquisition price per share for these RSUs was $0, which is typical for equity grants.
• Following this transaction, Goldschmied beneficially owns a total of 632,392 shares.
• The granted RSUs will vest in installments: 1/4th on June 15, 2026, and then 1/4th on each quarterly anniversary thereafter, subject to continuous service with the issuer.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, reflecting the company's ongoing efforts to incentivize and retain its Chief Technology Officer through equity compensation, which aligns management's interests with long-term shareholder value.

Positives

• The grant of 91,666 Restricted Stock Units (RSUs) to the Chief Technology Officer, Ozzie J. Goldschmied, indicates continued commitment to incentivizing and retaining key management.
• The RSUs are granted under the issuer's 2021 Equity Incentive Plan, which aligns executive interests with long-term shareholder value.

Future Outlook

The granted Restricted Stock Units will vest in quarterly installments, beginning June 15, 2026, contingent on the CTO's continuous service, providing a future incentive for executive retention.

Industry Context

StockSavvy.ai notes that RSU grants are a common practice in the technology sector to attract and retain top talent, aligning executive incentives with long-term company performance and shareholder value. This grant to a CTO is consistent with industry standards for executive compensation in growth-oriented tech companies.

Comparison to Industry Standards

• RSU grants are a standard component of executive compensation packages across the technology industry, comparable to practices at companies like Coursera (COUR) or Chegg (CHGG), which also utilize equity incentives to retain key personnel.
• The vesting schedule, typically over several years, is common for aligning executive interests with long-term company performance, similar to vesting schedules seen at major tech firms.

Stakeholder Impact

• Shareholders: Potential for future dilution upon vesting of RSUs, but also improved alignment of executive incentives with long-term company performance.
• Employees: May signal stability in executive leadership and continued use of equity-based compensation plans.

Next Steps

• Continued service of the reporting person with the issuer.
• Vesting of 1/4th of the RSUs on June 15, 2026, and quarterly thereafter.

Key Dates

Recommendation

This Form 4 reports a standard RSU grant to a key executive, which is a positive for executive retention and alignment but does not present new information that would fundamentally alter the investment thesis for Udemy. It's a routine compensation event, suggesting a 'hold' recommendation as it doesn't provide a strong catalyst for a 'buy' or 'sell' decision.

Keywords

Udemy, UDMY, SEC Form 4, Restricted Stock Units, RSU, stock grant, executive compensation, Ozzie J. Goldschmied, Chief Technology Officer