Form 4: Coursera CFO Kenneth Hahn Sells Shares to Cover Tax Obligations

Coursera's Chief Financial Officer, Kenneth Hahn, sold 38,781 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Kenneth Hahn, the Senior Vice President and Chief Financial Officer of Coursera, Inc., sold 38,781 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 Mr. Hahn's tax obligations associated with the vesting of restricted stock units.
• Following the transaction, Mr. Hahn directly owns 833,390 shares of Coursera common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 38,781 shares by Kenneth Hahn is not unusual for a CFO of a company of Coursera's size.
• Similar transactions are regularly reported by executives at companies like Udemy, 2U, and other online education platforms.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Coursera, Kenneth Hahn, stock sale, tax liability, restricted stock units, insider trading, Form 4