Form 4: Coursera Director Andrew Y. Ng Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Director Andrew Y. Ng sold Coursera shares on February 18 and 19, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Andrew Y. Ng, a director of Coursera, Inc., sold shares of common stock on February 18 and 19, 2025.
- The sales were executed under a Rule 10b5-1 trading plan adopted on June 13, 2024.
- On February 18, 2025, 110 shares were sold at a weighted average price of $8.6525, with prices ranging from $8.515 to $8.81.
- On February 19, 2025, 25,000 shares were sold at a weighted average price of $8.2627, with prices ranging from $8.215 to $8.40.
- Following these transactions, Andrew Y. Ng directly owns 7,221,561 shares of Coursera common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.
Industry Context
Insider sales are a common occurrence, and the use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current inside information.
Stakeholder Impact
- The share sales by a director could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2024-06-13 | Date of adoption of Rule 10b5-1 trading plan |
| 2025-02-18 | Date of first share sale |
| 2025-02-19 | Date of second share sale |
Keywords
Coursera, Andrew Y. Ng, Form 4, Share Sale, 10b5-1 Trading Plan, Director, Insider Trading
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