Abiopharma

🔍 Sarrazin Hugo (Director)

Company: Udemy, Inc. (UDMY)

Report Date: 2026-05-11

Detailed Transactions and Holdings:

• Acquired 168,750 shares of Common Stock (Direct)
  Date: 2026-05-11 | Code: A | equity_swap_involved: 0 | shares_owned_after: 1,400,576.00 | transaction_form_type: 4 | Footnotes: F1
• Sold 1,400,576 shares of Common Stock (Direct)
  Date: 2026-05-11 | Code: D | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F2
• Sold 47,580 shares of Common Stock (Direct)
  Date: 2026-05-11 | Code: D | equity_swap_involved: 0 | transaction_form_type: 4 | Footnotes: F3, F4

Footnotes:

• F1: Represents shares of common stock under a performance-based restricted stock unit ("PSU") award granted effective August 15, 2025. In connection with that certain Agreement and Plan of Merger dated December 17, 2025 (the "Merger Agreement") by and among the Issuer, Coursera, Inc. ("Coursera"), and Chess Merger Sub, Inc., a wholly owned subsidiary of Coursera ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly owned subsidiary of Coursera. Immediately prior to the effective time of the Merger (the "Effective Time"), a change of control was deemed to occur with respect to the PSU award, resulting in the PSU award being deemed achieved based on the greater of target and actual performance. Consequently, immediately prior to the Effective Time, the PSU award was subject only to time-based vesting conditions.
• F2: At the Effective Time, each share of common stock of the Issuer ("Udemy Common Stock") issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) was converted into the right to receive 0.800 shares of common stock of Coursera ("Coursera Common Stock") and each restricted stock unit award that was not subject to performance-based vesting conditions and was not granted in respect of services as a non-employee director of Udemy (each, a "Udemy RSU Award") was assumed by Coursera and converted into a restricted stock unit award covering a number of shares of Coursera Common Stock equal to the product of (1) the number of shares of Udemy Common Stock that were subject to the Udemy RSU Award as of immediately prior to the Effective Time, multiplied by (2) 0.800 (rounded to the nearest whole number).
• F3: At the Effective Time, each share of Udemy Common Stock issued and outstanding immediately prior to the Effective Time (other than certain excluded shares) was converted into the right to receive 0.800 shares of Coursera Common Stock.
• F4: Shares held by The Sarrazin Revocable Trust u/a/d 12/14/2007, of which the reporting person and his spouse are trustees and beneficiaries.