Form 4: Coursera Director Amanda Clark Sells Shares Under 10b5-1 Plan

Coursera director Amanda Clark sold 1,562 shares of common stock at $7.16 per share on November 15, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Amanda Clark, a director at Coursera, Inc., sold 1,562 shares of common stock on November 15, 2024.
• The sale was executed at a price of $7.16 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan that was adopted on June 12, 2024.
• Following the transaction, Ms. Clark beneficially owns 73,142 shares of Coursera common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a pre-planned stock sale by a director. It does not contain any information that would be considered positive or negative for the company's outlook.

Industry Context

This is a routine filing related to insider trading activity. It is common for directors and officers to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among corporate insiders at publicly traded companies, including those in the technology and education sectors, such as Chegg and 2U.
• The reported transaction is consistent with standard insider trading disclosures and does not indicate any unusual activity compared to similar filings from other companies.

Stakeholder Impact

• The stock sale by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the pre-planned nature of the transaction.

Key Dates

Keywords

Form 4, insider trading, stock sale, 10b5-1 plan, Coursera, Amanda Clark, director