Form 4: Udemy Executive's Future Stock Withholding for Taxes

Udemy's President of Udemy Business, Robert Rosenthal, reported a future disposition of 10,777 shares of common stock, scheduled for December 15, 2025, for tax withholding purposes under a Rule 10b5-1 plan.

Summary

• Robert Rosenthal, President of Udemy Business, filed a Form 4 reporting a scheduled transaction.
• The transaction involves the disposition of 10,777 shares of Udemy, Inc. common stock on December 15, 2025.
• These shares are being withheld by the issuer to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units.
• No shares were sold by Mr. Rosenthal in this reported transaction.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• The shares were withheld at a price of $5.25 per share.
• Following this scheduled transaction, Mr. Rosenthal will beneficially own 317,822 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider transaction for tax withholding, which is neutral in sentiment and does not indicate positive or negative company performance.

Future Outlook

The filing details a pre-scheduled future transaction for tax withholding purposes, indicating the vesting of equity awards for an executive. It does not provide broader forward-looking statements or guidance on company performance.

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, common across all industries for publicly traded companies with equity compensation plans. It does not reflect specific industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not a market sale by the executive.
• Employees: Reflects standard equity compensation practices for executives, which may be part of broader employee compensation structures.

Key Dates

Keywords

Udemy, UDMY, Form 4, insider transaction, stock, common stock, tax withholding, Robert Rosenthal, executive, beneficial ownership, Rule 10b5-1