Form 4: Udemy General Counsel Kenneth Hirschman Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kenneth Hirschman, General Counsel of Udemy, Inc., disposed of 6,873 shares of common stock on August 15, 2024, to cover tax obligations related to vesting of stock units.
Summary
- On August 15, 2024, Kenneth Hirschman, the General Counsel of Udemy, Inc., reported a transaction involving the disposal of 6,873 shares of Udemy's common stock.
- The shares were disposed of to satisfy tax obligations related to the vesting and settlement of Restricted Stock Units and/or Performance Stock Units.
- The price per share for the transaction was $7.12.
- Following the transaction, Hirschman beneficially owns 271,835 shares of Udemy common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations, which is a common reason for stock disposals.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal transaction |
| 08/16/2024 | Date of signature on the Form 4 filing |
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