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

Role
Chief Operating Officer
Signature
/s/ Lana B. Persaud, Attorney-in-Fact
Issuer symbol
COUR
Transactions as of
15 Aug 2023
Net transactions value
-$575,504
Form type
4
Filing time
17 Aug 2023, 16:50:03 UTC
Previous filing
01 Aug 2023
Next filing
21 Aug 2023
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 $19,775 +2,500 +0.26% $7.91 955,785 15 Aug 2023 Direct
transaction COUR Common Stock Sale $38,923 -2,500 -0.26% $15.57 953,285 15 Aug 2023 Direct F1, F2
transaction COUR Common Stock Tax liability $556,356 -35,641 -3.7% $15.61 917,644 15 Aug 2023 Direct F3

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 -2,500 -3.5% $0.000000 67,926 15 Aug 2023 Common Stock 2,500 $7.91 Direct F4
* 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 a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $15.46 to $15.69, inclusive. The 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 Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain restricted stock units on August 15, 2023.
F4 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.