Form 4: Coursera Director Carmen Chang Reports Acquisition of Restricted Stock Units

Director Carmen Chang reported the acquisition of 18,669 restricted stock units (RSUs) and the indirect beneficial ownership of 2,205,883 shares of Coursera, Inc. common stock.

Summary

• On May 22, 2024, Carmen Chang, a director of Coursera, Inc., reported the acquisition of 18,669 restricted stock units (RSUs).
• These RSUs were automatically granted the day after the issuer's 2024 Annual Meeting of Stockholders.
• The RSUs will fully vest and convert into shares of Coursera's common stock on the earlier of May 22, 2025, and the issuer's 2025 annual meeting of stockholders, contingent upon continuous service with the issuer.
• Chang also reported indirect beneficial ownership of 2,205,883 shares of common stock through her role as a manager of NEA 17 GP, LLC, which is the sole general partner of NEA Partners 17, L.P., which in turn is the sole general partner of New Enterprise Associates 17, L.P. (NEA 17).
• Chang disclaims beneficial ownership of the securities held by NEA 17 in which she has no direct pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock transactions by a company insider. The acquisition of RSUs is generally a positive sign, but it's a routine event.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of May 22, 2025 and the issuer's 2025 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in the company's stock. This filing indicates a director's continued investment in the company.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates