Shravan Goli - 15 Jun 2023 Form 4 Insider Report for Coursera, Inc. (COUR)

Signature
/s/ Lana B. Persaud, Attorney-in-Fact
Issuer symbol
COUR
Transactions as of
15 Jun 2023
Net transactions value
-$12,002
Form type
4
Filing time
20 Jun 2023, 17:51:58 UTC
Previous filing
15 Jun 2023
Next filing
17 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COUR Common Stock Options Exercise $18,652 +2,358 +0.25% $7.91 955,643 15 Jun 2023 Direct
transaction COUR Common Stock Sale $30,654 -2,358 -0.25% $13.00 953,285 15 Jun 2023 Direct F1

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 -2,358 -3.1% $0.000000 72,926 15 Jun 2023 Common Stock 2,358 $7.91 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 14, 2023.
F2 Represents an initial option to purchase 120,000 shares of common stock, with 25% of the total number of shares subject to the option vesting on August 15, 2021, and 75% of the shares subject to the option vesting in 36 substantially equal monthly installments thereafter, subject to the reporting person's continued service with the issuer through the applicable vesting dates.