Form 4: Udemy Executive Prasad Raje Reports Stock Transaction
SEC Form 4 Filing
Prasad Raje, Chief Product Officer at Udemy, reports the withholding of shares to cover tax obligations related to vested stock units.
Summary
- On August 15, 2024, Prasad Raje, the Chief Product Officer of Udemy, Inc. (UDMY), had 69,685 shares of common stock withheld to satisfy tax obligations.
- The shares were withheld at a price of $7.12 per share.
- Following the transaction, Raje directly owns 532,189 shares of Udemy common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of the stock transaction (withholding of shares). |
| 08/16/2024 | Date of signature for the Form 4 filing. |
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