Kenneth R. Hahn - Aug 24, 2023 Form 4 Insider Report for Coursera, Inc. (COUR)

Role
SVP, Chief Financial Officer
Signature
/s/ Lana B. Persaud, Attorney-in-Fact
Stock symbol
COUR
Transactions as of
Aug 24, 2023
Transactions value $
-$270,898
Form type
4
Date filed
8/28/2023, 05:42 PM
Previous filing
Aug 16, 2023
Next filing
Sep 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COUR Common Stock Options Exercise $60.6K +10K +1.65% $6.06 617K Aug 24, 2023 Direct
transaction COUR Common Stock Sale -$331K -20K -3.24% $16.57 597K Aug 24, 2023 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 -10K -1.07% $0.00 923K Aug 24, 2023 Common Stock 10K $6.06 Direct F3
* 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 $16.38 to $16.92, 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 an initial option to purchase 1,250,000 shares of common stock, with 25% of the total number of shares subject to the option vesting on May 18, 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.