{"schema_version":"secwatch.filing_event.v1","accession":"0001607939-23-000181","form_type":"8-K","ticker":"UDMY","cik":"0001607939","company_name":"Udemy, Inc.","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.761916+00:00","generated_at":"2026-06-09T00:24:57.962229+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Udemy cutting instructor revenue share for subscriptions from 25% to 15% by 2026","bullets":["Instructor subscription revenue share drops from 25% to 20% on Jan 1, 2024, then 17.5% in 2025, and 15% in 2026.","Marketplace revenue share of 37% remains unchanged.","Udemy paid over $200M to instructors in past 12 months; expects total payouts to grow despite lower share.","Proceeds to fund AI, badging, marketing, and sales investments to capture growth opportunity.","Cites prior 2019 Udemy Business share cut that led to increased instructor payouts."],"urls":{"canonical":"https://secwatch.observer/filing/0001607939-23-000181","json":"https://secwatch.observer/filing/0001607939-23-000181.json","markdown":"https://secwatch.observer/filing/0001607939-23-000181.md","text":"https://secwatch.observer/filing/0001607939-23-000181.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1607939/000160793923000181/0001607939-23-000181-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1607939/000160793923000181/udmy-20231102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T00:24:57.962229+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}