Form 4: Coursera Director Andrew Y. Ng Reports Stock Transactions
SEC Form 4
Director Andrew Y. Ng reports acquisition and disposal of Coursera, Inc. stock, including transactions related to stock options and restricted stock units.
Summary
- Andrew Y. Ng, a director at Coursera, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On May 21, 2024, Ng exercised stock options to acquire 3,981 shares at $1.68 and sold the same amount at an average price of $8.5603.
- On May 22, 2024, Ng received 18,669 restricted stock units (RSUs) and sold 18,870 shares at an average price of $8.1032.
- Following these transactions, Ng directly owns 7,032,873 shares of Coursera common stock and 296,019 stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The granting of 18,669 restricted stock units (RSUs) to Andrew Y. Ng indicates continued alignment of interests between the director and the company's long-term performance.
Future Outlook
The RSUs granted on May 22, 2024, will fully vest and convert into shares on the earlier of May 22, 2025, or the 2025 annual meeting, subject to continuous service.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 2014/04/21 | Initial option to purchase 1,420,000 shares of common stock vests in monthly installments. |
| 2023/02/24 | Rule 10b5-1 trading plan adopted by the reporting person. |
| 2024/05/21 | Exercise of stock options and sale of shares. |
| 2024/05/22 | Grant of restricted stock units (RSUs) and sale of shares. |
| 2024/05/23 | Date of Form 4 signature. |
| 2024/09/30 | Expiration date of stock options. |
| 2025/05/22 | RSUs will fully vest and convert into shares of the issuer's common stock. |
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