Form 4: Udemy Director Sells Shares Post-Merger

Udemy, Inc. director Sohaib Abbasi reports a disposition of common stock following the company's merger with Coursera, Inc.

Summary

• Sohaib Abbasi, a Director at Udemy, Inc., has reported a transaction involving common stock.
• The transaction occurred on May 11, 2026, and involved the disposition of 114,171 shares of Udemy common stock.
• This disposition is a result of the merger between Udemy, Inc. and Coursera, Inc., which was finalized on December 17, 2025.
• Under the terms of the merger, each share of Udemy common stock was converted into 0.800 shares of Coursera common stock.
• Restricted stock unit awards for non-employee directors were also converted into Coursera common stock at the same ratio.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on a completed merger transaction and the subsequent conversion of shares, rather than new financial performance or strategic initiatives.

Negatives

• Director Sohaib Abbasi disposed of 114,171 shares of Udemy common stock.

Future Outlook

The filing does not contain forward-looking statements or guidance. It reports on a completed transaction.

Industry Context

StockSavvy.ai notes that this Form 4 filing reflects a significant corporate event, the merger of Udemy with Coursera. Such filings are standard for reporting changes in beneficial ownership following a merger, indicating the conversion of existing equity into the acquiring company's stock.

Stakeholder Impact

• Shareholders of Udemy, Inc. now hold shares in Coursera, Inc., reflecting the new ownership structure.
• Employees of Udemy, Inc. are now part of Coursera, Inc., with their restricted stock units converted accordingly.

Next Steps

• Shareholders of Udemy, Inc. have had their shares converted into Coursera, Inc. common stock as per the merger agreement.

Key Dates

Keywords

Udemy, Coursera, Merger, SEC Form 4, Stock Disposition, Director, Common Stock, Restricted Stock Units