Form 4: Coursera Director Andrew Ng Exercises Stock Options, Acquires Shares
SEC Form 4 Filing
Director Andrew Ng exercised stock options to acquire 96,019 shares of Coursera common stock at a price of $1.68 on June 12, 2024.
Summary
- On June 12, 2024, Andrew Ng, a director of Coursera, Inc., exercised stock options.
- This transaction resulted in the acquisition of 96,019 shares of common stock at a price of $1.68 per share.
- Following the transaction, Ng directly owns 7,128,892 shares of Coursera common stock.
- The exercised stock options were part of an initial option to purchase 1,420,000 shares, vesting monthly since April 21, 2014.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It's a routine filing and doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing reflects insider activity, which is closely monitored by investors for insights into management's perspective on the company's prospects. Option exercises are a common way for executives to increase their stake in the company.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares.
- The transaction reflects the director's continued investment in the company.
Key Dates
| Date | Description |
|---|---|
| 2014/04/21 | Initial option grant date with monthly vesting. |
| 2024/06/12 | Date of transaction: Stock options exercised. |
| 2024/06/14 | Date of Form 4 filing. |
| 2024/09/30 | Expiration date of the exercised options. |
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