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

Director Amanda Clark sold 1,562 shares of Coursera (COUR) common stock at an average price of $8.2312 on August 15, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 15, 2024, Amanda Clark, a director of Coursera, Inc. (COUR), sold 1,562 shares of common stock.
• The sale was executed at a weighted average price of $8.2312 per share.
• The transactions were carried out under a Rule 10b5-1 trading plan adopted on June 13, 2023.
• Following the transaction, Amanda Clark directly owns 74,704 shares of Coursera common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a stock sale under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by insiders are a common occurrence, and the use of 10b5-1 trading plans allows insiders to sell shares over a period of time while avoiding concerns about trading on non-public information. The market typically views these sales in the context of the overall trading plan and the insider's remaining holdings.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates