Form 4: Coursera Director Amanda Clark Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Amanda Clark sold 1,562 shares of Coursera, Inc. (COUR) at $8.92 per share on May 15, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On May 15, 2024, Amanda Clark, a director of Coursera, Inc. (COUR), sold 1,562 shares of common stock.
- The sale was executed at a price of $8.92 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 13, 2023.
- Following the transaction, Amanda Clark beneficially owns 65,690 shares of Coursera common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 trading plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale, but the 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 06/13/2023 | Date the reporting person adopted the Rule 10b5-1 trading plan |
| 05/15/2024 | Date of the transaction (stock sale) |
| 05/17/2024 | Date of signature for the Form 4 filing |
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