Form 4: Coursera Director Andrew Y. Ng Exercises Stock Options

Andrew Y. Ng, a director at Coursera, Inc., exercised stock options for 100,000 shares at a price of $1.68 on July 17, 2024, without a subsequent sale of the underlying shares.

Summary

• On July 17, 2024, Andrew Y. Ng, a director of Coursera, Inc., exercised stock options to purchase 100,000 shares of common stock at a price of $1.68 per share.
• This transaction was a cash exercise of stock options, and the underlying shares were not subsequently sold.
• The exercised options were part of a grant for 1,420,000 shares made on September 30, 2014, which had fully vested by the transaction date.
• Following the transaction, Andrew Y. Ng directly owns 7,228,892 shares of Coursera common stock and 100,000 stock options.
• Andrew Y. Ng has granted power of attorney to Alan Cardenas, Sylvia Lexington, Carolyn Kloet, and Marlene Martin to handle SEC filings related to Coursera securities.

Sentiment

Score: 6

Explanation: The document itself is neutral as it's a regulatory filing. The exercise of options could be seen as mildly positive, indicating confidence, but it's not a major market-moving event.

Positives

• The exercise of stock options by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to insider transactions and doesn't provide significant insight into broader industry trends. However, it reflects the compensation structure and equity ownership of a key executive at Coursera, which is relevant in the context of the online education industry.

Comparison to Industry Standards

• Stock option grants and exercises are common forms of compensation for directors and officers in publicly traded companies, including those in the online education sector.
• Companies like 2U, Instructure, and Udemy also utilize stock options as part of their compensation packages.
• The specific terms of the option grants (vesting schedules, exercise prices, etc.) vary from company to company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• Shareholders may view the option exercise as a sign of director confidence.
• Employees may see it as a standard part of executive compensation.

Key Dates