Form 4: Udemy's Chief Technology Officer, Venu Venugopal, Reports Changes in Beneficial Ownership

Venu Venugopal, Udemy's Chief Technology Officer, reports the disposition of shares to cover tax obligations and a sale of shares on May 15th and 17th, 2024.

Summary

• On May 15, 2024, Udemy's Chief Technology Officer, Venu Venugopal, disposed of 10,609 shares of common stock to satisfy tax obligations at a price of $9.82.
• Following this transaction, Venugopal directly owns 437,013 shares of Udemy common stock.
• On May 17, 2024, Venugopal sold 7,086 shares of common stock at an average price of $9.89, with prices ranging from $9.83 to $9.94.
• After the sale, Venugopal directly owns 429,927 shares of Udemy common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions related to tax obligations and stock sales by an executive. There is no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies like Udemy. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates