Form 4: Udemy CTO's Stock Transaction for Tax Withholding

Udemy's Chief Technology Officer, Ozzie J. Goldschmied, reported a disposition of 104,274 shares of common stock on December 18, 2025, solely for tax withholding purposes related to vested equity.

Summary

• Ozzie J. Goldschmied, Chief Technology Officer of Udemy, Inc. (UDMY), reported a transaction on December 18, 2025.
• The transaction involved the disposition of 104,274 shares of Udemy Common Stock at a price of $6.05 per share.
• This disposition was solely for the purpose of satisfying tax withholding requirements upon the vesting and settlement of restricted stock units and/or performance stock units.
• No shares were sold by Mr. Goldschmied in the open market.
• Following this transaction, Mr. Goldschmied beneficially owns 540,726 shares of Udemy Common Stock directly.

Sentiment

Score: 7

Explanation: The transaction is a routine tax withholding, not a discretionary sale, which is generally viewed neutrally or slightly positively as it doesn't indicate a lack of confidence from the insider.

Positives

• The disposition of shares was solely for tax withholding purposes, not an open market sale by the officer, indicating no change in insider sentiment.
• The Chief Technology Officer retains a significant beneficial ownership of 540,726 shares after the transaction.

Negatives

• None directly from the transaction itself, as it was for tax purposes.

Future Outlook

NA

Industry Context

This is a standard insider transaction filing (Form 4) reporting a non-discretionary disposition of shares for tax purposes, common for executives receiving equity compensation. It does not reflect a change in the company's strategic direction or operational performance.

Comparison to Industry Standards

• This type of transaction (shares withheld for tax on equity vesting) is a common practice across publicly traded companies, particularly in the technology sector, and aligns with typical executive compensation structures involving restricted stock units (RSUs) or performance stock units (PSUs).

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a non-discretionary tax-related transaction, not a sale indicating a change in insider sentiment. The officer retains significant ownership.
• Employees: No direct impact.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary disposition of shares by Udemy's CTO solely for tax withholding purposes upon the vesting of equity awards. It does not signal a change in the officer's confidence in the company or its future prospects, nor does it reflect any operational or financial news. Therefore, it provides no new information that would warrant a change in investment recommendation based solely on this filing. A 'Hold' recommendation is appropriate as the filing is neutral in its implications for the stock's fundamental value.

Keywords

Udemy, UDMY, Form 4, insider transaction, stock, equity, CTO, Ozzie J. Goldschmied, tax withholding, restricted stock units, performance stock units