Form 4: Coursera Director Andrew Ng Sells 25,000 Shares Under 10b5-1 Trading Plan

Andrew Ng, a director at Coursera, Inc., sold 25,000 shares of common stock on January 15, 2025, at an average price of $8.6664, according to a Form 4 filing with the SEC.

Summary

• On January 15, 2025, Andrew Ng, a director of Coursera, Inc., sold 25,000 shares of Coursera's common stock.
• The sale was executed at a weighted average price of $8.6664 per share.
• The transactions occurred within a price range of $8.565 to $8.735.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 13, 2024.
• Following the transaction, Andrew Ng still beneficially owns 7,246,671 shares of Coursera's common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific inside information.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates