Form 4: Coursera CFO Kenneth Hahn Reports Stock Transactions

Kenneth Hahn, Coursera's CFO, reports the withholding of shares to cover tax liabilities and acquisition of shares through the employee stock purchase plan.

Summary

• On May 15, 2025, Coursera's CFO, Kenneth Hahn, had 46,714 shares of common stock withheld by the issuer to cover tax liabilities associated with the vesting of restricted stock units at a price of $8.94 per share.
• An additional 3,900 shares were withheld to cover tax liabilities related to performance-based restricted stock units, also at $8.94 per share.
• Following these transactions, Hahn beneficially owns 1,101,350 shares of Coursera common stock.
• Hahn also acquired 3,352 shares of common stock under the Coursera, Inc. 2021 Employee Stock Purchase Plan on May 9, 2025.

Sentiment

Score: 5

Explanation: The Form 4 filing itself is neutral. It simply reports transactions. The participation in the employee stock purchase plan is a mildly positive signal, but the tax-related withholdings are a normal part of executive compensation.

Positives

• Hahn's participation in the Employee Stock Purchase Plan indicates confidence in Coursera's future.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be an indicator of management's sentiment towards the company's prospects.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis to gauge company health and management confidence.
• Comparing the volume and nature of insider transactions (purchases vs. sales) with those of peer companies like edX (now part of 2U, Inc.) or Udacity can provide relative insights.
• For example, consistent insider buying might signal strong belief in the company's future, while frequent selling could raise concerns.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• Employees participating in the stock purchase plan benefit from the opportunity to acquire company stock.

Key Dates

Keywords

Form 4, Coursera, Kenneth Hahn, stock, transactions, CFO, beneficial ownership, restricted stock units, employee stock purchase plan, tax liability