Form 4: Udemy Director Debra J. Chrapaty Transactions

Debra J. Chrapaty, a Director at Udemy, Inc., reported a disposition of 58,888 shares of common stock on May 11, 2026, following the company's merger with Coursera.

Summary

• Debra J. Chrapaty, a Director of Udemy, Inc., has reported a transaction involving her beneficial ownership of the company's common stock.
• The transaction, dated May 11, 2026, involved the disposition of 58,888 shares of Udemy common stock.
• This disposition is a result of the merger between Udemy, Inc. and Coursera, Inc., which was effective on May 11, 2026.
• Under the terms of the merger agreement, each share of Udemy common stock was converted into the right to receive 0.800 shares of Coursera common stock.
• Restricted stock unit awards for non-employee directors were also converted into Coursera common stock based on the same ratio.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting on a completed merger event and the resulting change in beneficial ownership for a director, rather than indicating new financial performance or strategic shifts.

Negatives

• Debra J. Chrapaty disposed of 58,888 shares of Udemy common stock.

Future Outlook

The filing indicates that following the merger, shares of Udemy common stock were converted into Coursera common stock, suggesting a transition of ownership and future reporting under Coursera.

Industry Context

StockSavvy.ai notes that this Form 4 filing reflects a significant corporate event, the merger of Udemy, Inc. with Coursera, Inc. Such filings are crucial for understanding the immediate post-merger ownership structure and the conversion of equity interests for key personnel.

Stakeholder Impact

• Shareholders of Udemy, Inc. have converted their holdings into Coursera, Inc. stock, impacting their investment portfolio and future returns.
• Employees of Udemy, Inc. may experience changes in their employment terms, benefits, and stock options as they become part of Coursera, Inc.

Next Steps

• Debra J. Chrapaty's beneficial ownership will now be reflected in Coursera Common Stock.
• Future filings will likely pertain to her holdings and transactions in Coursera, Inc.

Key Dates

Keywords

Form 4, SEC Filing, Udemy, Inc., Debra J. Chrapaty, Merger, Coursera, Inc., Stock Disposition, Beneficial Ownership