Form 4: Udemy's Chief Technology Officer, Eren Bali, Sells Shares Under 10b5-1 Trading Plan

Udemy's Chief Technology Officer, Eren Bali, sold 846 shares of common stock at $8 per share on April 2, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On April 2, 2025, Eren Bali, the Chief Technology Officer of Udemy, Inc., sold 846 shares of Udemy's common stock.
• The sale was executed at a price of $8 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted by Bali on December 13, 2024.
• Following the transaction, Bali still beneficially owns 2,183,386 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider stock sale under a pre-arranged plan. It doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine disclosure of an insider stock sale. Insiders often use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. It's common for executives to diversify their holdings.

Stakeholder Impact

• The sale of shares by a company insider could potentially create uncertainty among shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, insider trading, Eren Bali, Chief Technology Officer, UDMY, Udemy, stock sale, Rule 10b5-1