Form 4: Coursera CEO Sells Shares to Cover Tax Obligations

Coursera's CEO, Jeffrey N. Maggioncalda, sold 97,030 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Jeffrey N. Maggioncalda, the President and CEO of Coursera, Inc., sold 97,030 shares of common stock on November 15, 2024.
• The sale was executed at a price of $6.93 per share.
• This transaction was to cover the tax liability associated with the vesting of restricted stock units.
• Following the transaction, Mr. Maggioncalda directly owns 1,838,642 shares of Coursera common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation, and is not unusual in the tech industry.

Comparison to Industry Standards

• Similar stock sales by executives to cover tax obligations are common across publicly traded companies, especially in the technology sector.
• The number of shares sold and the price are within the typical range for such transactions.
• Companies like Google, Meta, and Amazon also see similar transactions from their executives.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Coursera, Jeffrey N. Maggioncalda, stock sale, insider trading, Form 4, tax liability, restricted stock units