Brown Gregory Scott sold ~$194K in Udemy, Inc. stock
Udemy, Inc. (UDMY) · President, Udemy Business · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
-0.7%vs SPY -7.7%
Trade Details · Public SEC Filing
Insider
Brown Gregory Scott
Role
President, Udemy Business
Transaction
Open-Market Sale
Approx. Value
~$194K
Trade Date
Aug 16, 2022
Company
Udemy, Inc.
Ticker
UDMYSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$194K sale
A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.
President, Udemy Business
Corporate insiders must file trades with the SEC within 2 business days. Their unique access to non-public information makes these filings valuable data points.
5 insiders traded in the same window
When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.
-0.7% in 90 days (S&P 500: -7.7%)
This trade beat the S&P 500 by 6.9 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.
How good is Brown Gregory Scott at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
Brown Gregory Scott wasn't the only one selling.
5 insiders at Udemy, Inc. traded within the same 30-day window.
See who else bought · FreeOn August 16, 2022, Brown Gregory Scott — President, Udemy Business of Udemy, Inc. — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$194K in Udemy, Inc. (UDMY) stock.
This transaction was part of a cluster — 5 insiders at Udemy, Inc. made open-market sales within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
In the 90 days following this trade, UDMY returned -0.7% versus -7.7% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More UDMY Insider Activity
Sarrazin Hugo
May 12, 2025
~$331K
STRONG
Brown Gregory Scott
Nov 3, 2023
~$1.9M
STRONG
Brown Gregory Scott
Sep 5, 2023
~$349K
STRONG
Brown Gregory Scott
Aug 7, 2023
~$1.1M
STRONG
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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