Form 4: Coursera CEO Jeffrey Maggioncalda Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Coursera's CEO, Jeffrey Maggioncalda, disposed of 97,030 shares of common stock on August 15, 2024, to cover tax liabilities associated with vesting restricted stock units.
Summary
- On August 15, 2024, Jeffrey Nacey Maggioncalda, the President and CEO of Coursera, Inc., disposed of 97,030 shares of common stock.
- The disposal was executed to cover the reporting person's tax liability associated with the vesting of restricted stock units.
- The price per share for the transaction was $8.38.
- Following the transaction, Maggioncalda directly owns 1,935,672 shares of Coursera common stock.
Sentiment
Score: 5
Explanation: The document reflects a standard transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of stock disposal to cover tax liability. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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