Form 4: Coursera CFO Kenneth Hahn Reports Stock Transactions
SEC Form 4 Filing
Kenneth Hahn, Coursera's SVP and CFO, reported the withholding of shares for tax liabilities and acquisition of shares through the employee stock purchase plan.
Summary
- Kenneth R Hahn, SVP and CFO of Coursera, Inc., filed a Form 4 on May 17, 2024.
- On May 15, 2024, 38,781 shares of common stock were withheld by Coursera to cover Hahn's tax liability related to the vesting of restricted stock units at a price of $8.96.
- Hahn also acquired 2,236 shares of common stock under the Coursera, Inc. 2021 Employee Stock Purchase Plan on May 10, 2024.
- Following these transactions, Hahn beneficially owns 910,954 shares of Coursera common stock.
Sentiment
Score: 5
Explanation: The document reflects standard insider trading activity related to compensation and tax obligations, indicating a neutral sentiment.
Positives
- Hahn's participation in the Employee Stock Purchase Plan indicates confidence in Coursera's future.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation and tax-related activities.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Acquisition of common stock under the Coursera, Inc. 2021 Employee Stock Purchase Plan |
| 05/15/2024 | Shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain restricted stock units |
| 05/17/2024 | Date of Form 4 filing |
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