Form 4: Coursera CEO Jeffrey Maggioncalda Sells 50,000 Shares
SEC Form 4 Filing
Coursera's CEO, Jeffrey Nacey Maggioncalda, sold 50,000 shares of common stock on February 29, 2024, at an average price of $15.9436 per share, according to a Form 4 filing with the SEC.
Summary
- On February 29, 2024, Jeffrey Nacey Maggioncalda, the President and CEO of Coursera, Inc., sold 50,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $15.9436 per share, with individual transactions ranging from $15.81 to $16.11.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on February 16, 2023.
- Following the sale, Maggioncalda still beneficially owns 2,377,496 shares of Coursera common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock sales are a common occurrence in publicly traded companies. They can be driven by various factors, including personal financial planning and diversification. It's important to consider the context of the sale, such as the overall trading activity of the executive and the company's performance.
Key Dates
| Date | Description |
|---|---|
| 2023-02-16 | Date of adoption of Rule 10b5-1 trading plan. |
| 2024-02-29 | Date of stock sale transaction. |
| 2024-03-04 | Date of Form 4 filing. |
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