Kenneth R. Hahn - 09 Aug 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
Issuer symbol
COUR
Transactions as of
09 Aug 2021
Net transactions value
-$848,500
Form type
4
Filing time
11 Aug 2021, 19:41:29 UTC
Previous filing
06 Jul 2021
Next filing
17 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COUR Common Stock Options Exercise $151,500 +25,000 +31% $6.06 105,000 09 Aug 2021 Direct
transaction COUR Common Stock Sale $1,000,000 -25,000 -24% $40.00 80,000 09 Aug 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 -25,000 -2.1% $0.000000 1,150,000 09 Aug 2021 Common Stock 25,000 $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