Form 4: Udemy Executive Stephanie Stapleton Sudbury Reports Stock Disposal for Tax Obligations

Stephanie Stapleton Sudbury, President of Udemy Business, disposed of 3,290 shares of common stock on June 15, 2024, to cover tax obligations related to vesting and settlement of stock units.

Summary

• On June 15, 2024, Stephanie Stapleton Sudbury, President of Udemy Business, reported a transaction involving Udemy, Inc. [UDMY] common stock.
• The transaction involved the disposal of 3,290 shares at a price of $8.31 per share.
• These shares were withheld to satisfy tax obligations related to the vesting and settlement of Restricted Stock Units and/or Performance Stock Units.
• Following the transaction, Sudbury directly owns 278,988 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard practice of covering tax obligations through stock disposal.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates