Form 4: Udemy Director Gregory Scott Brown Acquires Shares Through Employee Stock Purchase Plan

Director Gregory Scott Brown acquired 3,315 shares of Udemy, Inc. common stock through the company's Employee Stock Purchase Plan (ESPP) at a price of $5.94 per share.

Summary

• On May 20, 2025, Gregory Scott Brown, a director of Udemy, Inc., acquired 3,315 shares of common stock.
• The shares were purchased through the Udemy, Inc. 2021 Employee Stock Purchase Plan (ESPP).
• The purchase price was $5.94 per share.
• This transaction increased Brown's direct holdings to 1,195,888 shares.
• The purchase was made in accordance with the ESPP, based on 85% of the closing price of Udemy's common stock on November 20, 2024, the offering period's start date.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction under the company's ESPP. The director's participation is a positive signal, but it's not a major event.

Positives

• The director's participation in the ESPP signals confidence in the company's future.

Industry Context

ESPP participation is a common practice among publicly traded companies to incentivize employees and align their interests with those of the shareholders.

Comparison to Industry Standards

• ESPP programs are a standard benefit offered by many tech companies, including competitors like Coursera and Skillshare, to attract and retain talent.
• The discount of 15% (purchase at 85% of the closing price) is a typical discount offered in ESPP programs across the industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's confidence in the company.
• Employees participating in the ESPP benefit from the discounted share price.

Key Dates

Keywords

Udemy, Gregory Scott Brown, Director, ESPP, Employee Stock Purchase Plan, Share Acquisition, Common Stock, Form 4