[144] Udemy, Inc. SEC Filing

Rhea-AI Filing Summary

Udemy, Inc. (UDMY) filed a Form 144 reporting a proposed sale of 25,000 shares of common stock on NASDAQ through J.P. Morgan Securities LLC. The filing shows an aggregate market value of $179,250 for the shares and lists an approximate sale date of 09/15/2025. The shares were acquired by the seller as RSUs that vested on 11/15/2023, and the filing indicates those shares were received as compensation. The filer reports no securities sold in the past three months for the account in question. The notice includes the standard representation that the seller does not possess undisclosed material adverse information.

Positive

• Full disclosure of acquisition details (RSU vest date 11/15/2023 and compensation payment) which improves transparency
• Broker and planned sale date disclosed (J.P. Morgan Securities LLC; 09/15/2025), meeting Rule 144 notice elements
• No securities sold in past three months for the account, as stated in the filing

Negative

• No trading plan date provided in the remarks section (no Rule 10b5-1 plan adoption date indicated)
• Limited contextual detail about the seller's relationship to the issuer beyond the statement requirement

Insights

Financial Analyst

TL;DR: A 25,000-share insider sale via a broker is disclosed; size and timing appear routine given RSU vesting.

The Form 144 indicates an insider or company-affiliated person intends to sell 25,000 Udemy shares through J.P. Morgan on NASDAQ with an aggregate market value of $179,250 and an approximate sale date of 09/15/2025. The shares originated from RSUs that vested on 11/15/2023 and were received as compensation. There are no reported sales in the prior three months for this account. From a trading-impact perspective, this is a discrete disclosure of an intended sale tied to compensation vesting rather than an open-market program announced in the filing.

Corporate Governance Expert

TL;DR: Disclosure complies with Rule 144 notice requirements; inclusion of vesting and compensation details aids transparency.

The filing provides the required notice information: broker identity (J.P. Morgan Securities LLC), share count (25,000), acquisition method (RSU vest on 11/15/2023) and purpose (compensation). The filer also affirms no undisclosed material information. For governance review, the filing documents an individual sale following equity compensation vesting and contains the standard attestation language, but does not provide a trading plan date or additional risk disclosures within this form.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 390 Madison Avenue, 6th Floor New York NY 10017	25000	179250	150343676	09/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	11/15/2023	RSU Vest	Issuer			25000	11/15/2023	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does Udemy's (UDMY) Form 144 report?

The Form 144 reports a proposed sale of 25,000 shares of Udemy common stock through J.P. Morgan Securities LLC with an aggregate market value of $179,250 and an approximate sale date of 09/15/2025.

How were the 25,000 Udemy shares acquired according to the filing?

The shares were received as RSUs that vested on 11/15/2023, and the filing lists the nature of payment as compensation.

Does the Form 144 show recent sales by the same account?

No. The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

Which broker will handle the Udemy share sale filed on Form 144?

J.P. Morgan Securities LLC at 390 Madison Avenue, 6th Floor, New York, NY, is listed as the broker in the filing.

Does the filer represent they have undisclosed material information?

The filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed, per the signature attestation language in the form.