Form 4: Udemy's General Counsel, Kenneth Hirschman, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kenneth Hirschman, General Counsel of Udemy, Inc., reports the disposal of 6,873 common stock shares to cover tax obligations on vested stock units.
Summary
- On May 15, 2024, Kenneth Hirschman, the General Counsel of Udemy, Inc., reported a transaction involving the disposal of 6,873 shares of common stock.
- The shares were disposed of to satisfy tax obligations related to the vesting and settlement of Restricted Stock Units or Performance Stock Units.
- The transaction was executed at a price of $9.82 per share.
- Following the transaction, Hirschman beneficially owns 280,814 shares of Udemy common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions for tax purposes, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates the General Counsel's stock activity related to vested equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Disposal of common stock. |
| 05/16/2024 | Date of signature for the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.