Udemy, Inc. (NASDAQ: UDMY) disclosed that Chief Financial Officer Sarah Blanchard disposed of 25,000 shares of common stock on March 13, 2026, for approximately $119,375. The transactions occurred across several trades with execution prices between $4.69 and $4.86 per share.
The sale, reported on a Form 4 filed with the Securities and Exchange Commission, was carried out automatically under a Rule 10b5-1 trading arrangement that Blanchard adopted on March 14, 2025. After completing the March 13 sale, Blanchard’s direct holdings in Udemy total 1,455,763 shares.
Separately, on March 15, 2026, 14,843 shares were recorded as disposed of to satisfy tax withholding obligations, valued at $70,801. The filing notes these shares were used to cover taxes rather than being sold in the open market.
Market context around the transaction is mixed. Udemy’s shares have fallen roughly 33% over the past six months and are trading near a 52-week low of $4.35. At the same time, InvestingPro valuation analysis referenced in public materials places a Fair Value for the company at $6.84, suggesting a gap between current market price and that estimate.
Recent corporate developments
- Udemy reported fourth-quarter results that modestly exceeded expectations for both revenue and profitability. The company noted that subscription revenue now represents more than three-quarters of total revenue, reflecting continued progress in its subscription-first strategic shift.
- Udemy announced a proposed merger with Coursera. The U.S. Federal Trade Commission granted early termination of the waiting period for the deal. The transaction structure calls for Chess Merger Sub, Inc., a wholly owned subsidiary of Coursera, to merge with Udemy.
- On the product and partnership front, Udemy launched the "Learn AI with Google" plan, which provides access to Google’s AI Professional Certificate for Udemy’s 84 million learners and includes Google’s AI curriculum and advanced models along with industry-recognized credentials.
- Udemy also entered a partnership with Glean to embed AI-powered learning directly into workplace systems, intended to improve contextual learning for employees.
- In coverage moves, Canaccord Genuity lowered its price target for Udemy from $7 to $5 while maintaining a Hold rating on the shares.
The insider sale was executed within the constraints of a pre-existing trading plan and the subsequent tax-related disposition was not an open-market sale. The company’s operational updates - including subscription revenue mix, the Coursera merger progression, and new AI-focused learning initiatives - provide additional context for investors assessing valuation and strategy.
Given the mix of insider activity, near-term analyst revisions, and strategic announcements, market participants may weigh these discrete items differently. The filings and corporate disclosures leave factual elements clear, while longer-term outcomes and synergies from the announced merger and partnerships remain to be realized.