UDEMY INC

Ticker: UDMY CUSIP: 902685106 Class: Common Stock

WATER ISLAND CAPITAL LLC's Holding History (CIK: 0001222765)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 135,922 Value ($000) $795 Avg Close $5.83 Range $4.86 - $7.21

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	135,922	$795	$5.83	$4.86 - $7.21