Form 4: Udemy Director Abbasi Sohaib Reports Acquisition of 3,368 Shares of Common Stock

Director Abbasi Sohaib reports acquiring 3,368 shares of Udemy common stock through restricted stock units (RSUs) in lieu of a quarterly cash retainer.

Summary

• On March 31, 2025, Sohaib Abbasi, a director of Udemy, Inc., acquired 3,368 shares of common stock.
• The acquisition was through the grant of restricted stock units (RSUs) under the company's 2021 Equity Incentive Plan.
• The RSUs vest immediately upon grant, but the settlement is deferred until the earlier of January 1, 2029, or separation of service from the Issuer.
• Abbasi elected to receive RSUs in lieu of a quarterly cash retainer.
• Following the transaction, Abbasi beneficially owns 69,889 shares of Udemy common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of insider transactions. The director's decision to take equity instead of cash is mildly positive.

Positives

• A director taking equity in lieu of cash compensation signals confidence in the company's future.

Future Outlook

The reporting person has elected to defer the settlement of the RSUs to the earlier of January 1, 2029 or separation of service from the Issuer.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be informative for investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates

Keywords

Form 4, Udemy, Director, Abbasi Sohaib, RSUs, Equity Incentive Plan, Beneficial Ownership, Common Stock