Kenneth R. Hahn - Aug 9, 2021 Form 4 Insider Report for Coursera, Inc. (COUR)

Role
Senior Vice President, Chief Financial Officer, and Treasurer
Signature
By: /s/ Lana B. Persaud, Attorney-in-Fact
Stock symbol
COUR
Transactions as of
Aug 9, 2021
Transactions value $
-$848,500
Form type
4
Date filed
8/11/2021, 07:41 PM
Previous filing
Jul 6, 2021
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COUR Common Stock Options Exercise $152K +25K +31.25% $6.06 105K Aug 9, 2021 Direct
transaction COUR Common Stock Sale -$1M -25K -23.81% $40.00 80K Aug 9, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COUR Stock Option (right to buy) Options Exercise $0 -25K -2.13% $0.00 1.15M Aug 9, 2021 Common Stock 25K $6.06 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 14, 2021.
F2 Represents a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $40.00 to $40.01, inclusive. Reporting person undertakes to provide upon request by the Securities and Exchange Commission, the issuer or a securityholder of the issuer detailed information regarding the price and number of shares sold within the range indicated.
F3 On July 6, 2021, the reporting person filed a Form 4 which inadvertently reported the stock option exercise price to be $6.60. In fact, as reported in this Form 4, the correct exercise price is $6.06.
F4 Represents an initial option to purchase 1,250,000 shares of common stock, with 25% of the shares subject to the option vesting on May 18, 2021, and 75% of the shares subject to the option vesting in 36 equal monthly installments thereafter, subject to the reporting person's continued service with the Issuer through the applicable vesting dates.

Remarks:

Senior Vice President, Chief Financial Officer, and Treasurer