Blanchard Sarah 4
4 · Udemy, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Udemy (UDMY) CFO Sarah Blanchard Sells 25,000 Shares, Withholds 14,843
What Happened
Sarah Blanchard, Chief Financial Officer of Udemy, reported dispositions in mid-March 2026. On March 13, 2026 she sold 25,000 shares in an open-market transaction for a weighted average price of $4.78 (total proceeds ~$119,375). On March 15, 2026 she had 14,843 shares withheld to satisfy tax withholding related to equity vesting/settlement, valued at a weighted average of $4.77 (value ~$70,801). Combined, the reported dispositions total about $190,176.
Key Details
- Transaction dates and prices:
- 2026-03-13: Open-market sale of 25,000 shares; weighted avg price $4.78 (prices ranged $4.69–$4.86), proceeds ~$119,375. (F2)
- 2026-03-15: 14,843 shares withheld to cover tax liabilities at weighted avg $4.77, value ~$70,801. (F3)
- 10b5-1 plan: The March 13 sale was made pursuant to a Rule 10b5-1 trading plan adopted by Blanchard on March 14, 2025 (automatic, pre-planned). (F1)
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
- Filing timeliness: Form 4 was filed March 16, 2026 for transactions on March 13 and 15 — the filing appears timely under normal Form 4 rules.
Context
- The March 13 action was an open-market sale under an established 10b5-1 plan (pre-scheduled), which is typically an automated way for insiders to sell shares.
- The March 15 disposition was a tax-withholding event (shares surrendered/withheld to satisfy taxes on vesting/settlement), not an open-market sale of additional shares.
- These kinds of routine sales and withholdings are common for executives and do not, by themselves, indicate a change in company outlook.
Insider Transaction Report
Form 4
Udemy, Inc.UDMY
Blanchard Sarah
Chief Financial Officer
Transactions
- Sale
Common Stock
[F1][F2]2026-03-13$4.78/sh−25,000$119,375→ 1,455,763 total - Tax Payment
Common Stock
[F3]2026-03-15$4.77/sh−14,843$70,801→ 1,440,920 total
Footnotes (3)
- [F1]The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 14, 2025.
- [F2]The reported transaction was executed in multiple trades at prices ranging from $4.69 to $4.86. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or any security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]Shares withheld by Udemy to satisfy tax withholding requirements on the vesting and settlement of restricted stock units and/or performance stock units. No shares were sold.
Signature
/s/ James Babikian, Attorney-in-Fact|2026-03-16