secwatch.observer — SEC 8-K summary
======================================

Issuer:     Udemy, Inc. (UDMY)
CIK:        0001607939
Form:       8-K
Filed at:   2026-05-11T13:16:04+00:00
Accession:  0001140361-26-020398
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.02, 2.01, 3.01, 3.03, 5.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Udemy acquired by Coursera; shareholders receive 0.800 Coursera shares per share
--------------------------------------------------------------------------------

- Merger completed May 11, 2026; Udemy is now a direct wholly owned subsidiary of Coursera.
- Each share of Udemy common stock converted into 0.800 shares of Coursera common stock (plus cash for fractions).
- Udemy stock options and SARs converted to Coursera shares based on Merger Consideration Value of $4.78; out-of-the-money awards cancelled.
- Udemy terminated its $200M secured revolving credit facility; no loans were outstanding.
- Udemy board resigned; new board includes Gregory Hart, Michael Foley, Alan Cardenas, Marcelo Modica. Coursera board gets 3 Udemy designees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1607939/000114036126020398/0001140361-26-020398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1607939/000114036126020398/ef20072946_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-020398

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer