UDMY.NASDAQUdemy, INC

Form 4: Udemy Executive Eren Bali Forfeits Restricted Stock Units Following Departure from Outside Director Role

Sentiment:

SEC Form 4 Filing

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Eren Bali, Udemy's Chief Technology Officer, forfeited 23,427 restricted stock units after ceasing to be an Outside Director.

Summary

  • Eren Bali, Chief Technology Officer of Udemy, Inc., filed a Form 4 on November 6, 2024, reporting changes in beneficial ownership.
  • The report indicates that Mr. Bali forfeited 23,427 restricted stock units (RSUs) on November 6, 2024.
  • These RSUs were initially granted on June 4, 2024, under Udemy's Outside Director Compensation Policy.
  • Mr. Bali ceased to be an Outside Director on August 12, 2024, leading to the cancellation of the RSUs as per the policy.
  • Following the transaction, Mr. Bali beneficially owns 2,261,050 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • The forfeiture of RSUs has a minor impact on shareholders as it reflects an adjustment in executive compensation following a change in role.

Key Dates

DateDescription
June 4, 2024Date the Reporting Person was granted 23,427 restricted stock units (RSUs).
August 12, 2024Date the Reporting Person ceased to be an Outside Director.
November 6, 2024Date of the transaction where 23,427 restricted stock units (RSUs) were cancelled.
November 05, 2024Date of signature for the Form 4 filing.

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