Form 4: Coursera Director Andrew Y. Ng Executes Stock Option and Sells Shares
SEC Form 4 Filing
Director Andrew Y. Ng exercised stock options and sold Coursera shares under a pre-arranged trading plan.
Summary
- On March 19, 2024, Andrew Y. Ng, a director of Coursera, Inc., exercised a stock option to acquire 50,000 shares of common stock at a price of $1.68 per share.
- Simultaneously, Ng sold 50,000 shares of common stock at a weighted average price of $14.184, with prices ranging from $14.065 to $14.315.
- On March 20, 2024, Ng sold an additional 25,000 shares at a weighted average price of $14.4428, with prices ranging from $14.20 to $14.63.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on February 24, 2023.
- Following these transactions, Ng directly owns 7,058,074 shares of Coursera common stock and options to purchase 350,000 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions under a pre-arranged trading plan, with no indication of positive or negative implications for the company.
Industry Context
Insider transactions are common, and the use of 10b5-1 plans allows insiders to sell shares while mitigating concerns about trading on non-public information.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the sales mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2014/04/21 | Initial option grant date with vesting schedule. |
| 2023/02/24 | Date of adoption of Rule 10b5-1 trading plan. |
| 2024/03/19 | Date of stock option exercise and share sale. |
| 2024/03/20 | Date of additional share sale. |
| 2024/03/21 | Date of Form 4 filing. |
| 2024/09/30 | Expiration date of stock options. |
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