Form 4: Udemy's General Counsel, Kenneth Hirschman, Reports Changes in Beneficial Ownership

Kenneth Hirschman, General Counsel of Udemy, Inc., reports acquisition and disposal of common stock and restricted stock units.

Summary

• On March 15, 2024, Kenneth Hirschman, General Counsel of Udemy, Inc., reported changes in beneficial ownership.
• 7,502 shares of common stock were disposed of to satisfy tax obligations at a price of $10.95 per share.
• 42,857 restricted stock units (RSUs) were acquired at a price of $0 per unit.
• Following these transactions, Hirschman directly owns 287,687 shares of common stock.
• The RSUs vest in installments, with 1/12th vesting on June 15, 2024, and on each quarterly anniversary thereafter, contingent upon continuous service with Udemy.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The reporting person's holdings will change over time as the restricted stock units vest, contingent on continued service with Udemy.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor confidence.
• Employees holding equity-based compensation are affected by vesting schedules and stock prices.

Key Dates