Form 4: Udemy's Chief Technology Officer Eren Bali Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Udemy's CTO, Eren Bali, sold 35,518 shares of common stock at a price of $9.0001 per share on November 6, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On November 6, 2024, Eren Bali, the Chief Technology Officer of Udemy, Inc. (UDMY), sold 35,518 shares of the company's common stock.
- The sale was executed at a price of $9.0001 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 15, 2024.
- Following the transaction, Eren Bali directly owns 2,225,532 shares of Udemy common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine disclosure of a pre-planned stock sale by an executive.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to use 10b5-1 plans to diversify their holdings and avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a key executive could create short term uncertainty among shareholders.
Key Dates
| Date | Description |
|---|---|
| March 15, 2024 | Date the Rule 10b5-1 trading plan was adopted. |
| November 06, 2024 | Date of the stock sale transaction. |
| November 07, 2024 | Date of the signature on the Form 4 filing. |
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