Form 4: Coursera CEO Jeffrey Maggioncalda Sells 50,000 Shares

Coursera's CEO, Jeffrey Nacey Maggioncalda, sold 50,000 shares of common stock on April 11, 2024, at an average price of $13.1352 per share.

Summary

• On April 11, 2024, Jeffrey Nacey Maggioncalda, the President and CEO of Coursera, Inc., sold 50,000 shares of Coursera's common stock.
• The sale was executed at a weighted average price of $13.1352 per share, with individual transactions ranging from $13.01 to $13.28.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 16, 2023.
• Following the sale, Maggioncalda directly owns 2,227,496 shares of Coursera's common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, as it's a routine transaction under a pre-existing trading plan.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to sell shares periodically for personal financial management. The existence of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates