Form 4: Coursera CEO Jeffrey Maggioncalda Reports Stock Transaction
SEC Form 4 Filing
Coursera's CEO, Jeffrey Maggioncalda, reported a transaction involving the withholding of shares to cover tax liabilities and the acquisition of shares through the employee stock purchase plan.
Summary
- On May 15, 2024, Coursera, Inc. CEO Jeffrey Nacey Maggioncalda reported a transaction on SEC Form 4.
- 97,030 shares of common stock were withheld by the issuer to cover the reporting person's tax liability associated with the vesting of restricted stock units.
- The price per share for the withholding was $8.96.
- Following the reported transaction, Maggioncalda beneficially owns 2,032,702 shares of common stock.
- This includes 2,236 shares acquired under the Coursera, Inc. 2021 Employee Stock Purchase Plan on May 10, 2024.
Sentiment
Score: 6
Explanation: The document reflects standard insider trading activity related to compensation and tax obligations, which is neither particularly positive nor negative.
Positives
- The CEO's participation in the Employee Stock Purchase Plan indicates confidence in the company's future.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Acquisition of 2,236 shares under the Coursera, Inc. 2021 Employee Stock Purchase Plan. |
| 05/15/2024 | Withholding of 97,030 shares for tax liability related to vesting of restricted stock units. |
| 05/17/2024 | Date of signature for the SEC Form 4 filing. |
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