<SEC-DOCUMENT>0000950170-25-007747.txt : 20250122
<SEC-HEADER>0000950170-25-007747.hdr.sgml : 20250122
<ACCEPTANCE-DATETIME>20250122160515
ACCESSION NUMBER:		0000950170-25-007747
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250121
FILED AS OF DATE:		20250122
DATE AS OF CHANGE:		20250122

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			NASPERS LTD
		CENTRAL INDEX KEY:			0001106051
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING [7310]
		ORGANIZATION NAME:           	07 Trade & Services
		STATE OF INCORPORATION:			T3
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40956
		FILM NUMBER:		25545951

	BUSINESS ADDRESS:	
		STREET 1:		NASPERS CENTRE PO BOX 2271
		STREET 2:		CAPETOWN 8000
		CITY:			SOUTH AFRICA
		STATE:			T3
		ZIP:			00000
		BUSINESS PHONE:		270214062121

	MAIL ADDRESS:	
		STREET 1:		NASPERS CENTRE PO BOX 2271
		STREET 2:		CAPETOWN 8000
		CITY:			SOUTH AFRICA
		STATE:			T3
		ZIP:			00000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MIH Edtech Investments B.V.
		CENTRAL INDEX KEY:			0001889254
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40956
		FILM NUMBER:		25545949

	BUSINESS ADDRESS:	
		STREET 1:		SYMPHONY OFFICES
		STREET 2:		GUSTAV MAHLERPLEIN 5
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1082 MS
		BUSINESS PHONE:		31 20 299 9777

	MAIL ADDRESS:	
		STREET 1:		SYMPHONY OFFICES
		STREET 2:		GUSTAV MAHLERPLEIN 5
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1082 MS

	FORMER NAME:	
		FORMER CONFORMED NAME:	MIH Edtech Ijnvestments B.V.
		DATE OF NAME CHANGE:	20211020

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Prosus N.V.
		CENTRAL INDEX KEY:			0001864839
		ORGANIZATION NAME:           	
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40956
		FILM NUMBER:		25545950

	BUSINESS ADDRESS:	
		STREET 1:		SYMPHONY OFFICES
		STREET 2:		GUSTAV MAHLERPLEIN 5
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1082 MS
		BUSINESS PHONE:		31 20 299 9777

	MAIL ADDRESS:	
		STREET 1:		SYMPHONY OFFICES
		STREET 2:		GUSTAV MAHLERPLEIN 5
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1082 MS

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Udemy, Inc.
		CENTRAL INDEX KEY:			0001607939
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		ORGANIZATION NAME:           	07 Trade & Services
		IRS NUMBER:				271779864
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		600 HARRISON STREET
		STREET 2:		3RD FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94107
		BUSINESS PHONE:		(510) 378-4789

	MAIL ADDRESS:	
		STREET 1:		600 HARRISON STREET
		STREET 2:		3RD FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94107
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-01-21</periodOfReport>

    <notSubjectToSection16>true</notSubjectToSection16>

    <issuer>
        <issuerCik>0001607939</issuerCik>
        <issuerName>Udemy, Inc.</issuerName>
        <issuerTradingSymbol>UDMY</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001106051</rptOwnerCik>
            <rptOwnerName>NASPERS LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>40 HEERENGRACHT</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CAPE TOWN</rptOwnerCity>
            <rptOwnerState>T3</rptOwnerState>
            <rptOwnerZipCode>8001</rptOwnerZipCode>
            <rptOwnerStateDescription>SOUTH AFRICA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001864839</rptOwnerCik>
            <rptOwnerName>Prosus N.V.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NASPERS LIMITED</rptOwnerStreet1>
            <rptOwnerStreet2>40 HEERENGRACHT</rptOwnerStreet2>
            <rptOwnerCity>CAPE TOWN</rptOwnerCity>
            <rptOwnerState>T3</rptOwnerState>
            <rptOwnerZipCode>8001</rptOwnerZipCode>
            <rptOwnerStateDescription>SOUTH AFRICA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001889254</rptOwnerCik>
            <rptOwnerName>MIH Edtech Investments B.V.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NASPERS LIMITED</rptOwnerStreet1>
            <rptOwnerStreet2>40 HEERENGRACHT</rptOwnerStreet2>
            <rptOwnerCity>CAPE TOWN</rptOwnerCity>
            <rptOwnerState>T3</rptOwnerState>
            <rptOwnerZipCode>8001</rptOwnerZipCode>
            <rptOwnerStateDescription>SOUTH AFRICA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>false</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-01-21</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>3200000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.84</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>13920840</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The shares are held of record by MIH Edtech Investments B.V., or Edtech. Edtech is a subsidiary of Prosus N.V., or Prosus, a publicly traded company whose shares are listed on the Euronext Amsterdam. A majority of the voting power of the outstanding ordinary shares of Prosus N.V. is held by Naspers Limited, a publicly traded company whose shares are listed on the Johannesburg Stock Exchange. As a result, the shares held by Edtech may be deemed to be beneficially owned by Prosus and Naspers Limited.</footnote>
        <footnote id="F2">Naspers Limited employs a differential voting structure involving two South African entities, Naspers Beleggings (RF) Beperk and Keeromstraat 30 Beleggings (RF) Beperk, the sole remit of which is to protect the continued independence of Naspers Limited. Each of Nasbel and Keerom disclaims beneficial ownership of all shares, except to the extent of their respective pecuniary interests therein, if any.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Nico Marais, Authorized Representative Naspers Limited</signatureName>
        <signatureDate>2025-01-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Nico Marais, Authorized Representative Prosus N.V.</signatureName>
        <signatureDate>2025-01-21</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Serge de Reus, Authorized Representative MIH Edtech Investments B.V.</signatureName>
        <signatureDate>2025-01-21</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
