Form 4: Udemy's Chief Product Officer, Prasad Raje, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Prasad Raje, Udemy's Chief Product Officer, filed a Form 4 indicating changes in beneficial ownership due to tax withholding on vested stock units.
Summary
- On September 15, 2024, Prasad Raje, the Chief Product Officer of Udemy, Inc., reported a change in beneficial ownership of common stock.
- The transaction involved the withholding of 1,697 shares by Udemy 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 $8.07.
- Following the transaction, Raje directly owns 530,492 shares of Udemy common stock.
- The filing was signed by Kenneth Hirschman, Attorney-in-Fact, on September 17, 2024.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. It's neutral in sentiment as it simply reports a change in ownership due to tax withholding.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for tax withholding on vested stock units.
Key Dates
| Date | Description |
|---|---|
| 09/15/2024 | Date of transaction (stock withholding for taxes). |
| 09/17/2024 | Date of Form 4 signature. |
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