Form 4: Coursera Director Sabrina Simmons Reports RSU Grant and Pre-Planned Stock Sale

Coursera Director Sabrina Simmons reported the acquisition of 21,765 restricted stock units and the sale of 9,335 common shares at $8.48 per share, with the sale executed under a pre-arranged 10b5-1 trading plan.

Summary

• Sabrina Simmons, a Director of Coursera, Inc., reported changes in her beneficial ownership of the company's common stock.
• On May 21, 2025, Ms. Simmons acquired 21,765 shares of Common Stock through a Restricted Stock Unit (RSU) grant at a price of $0. These RSUs were automatically granted the day after the issuer's 2025 Annual Meeting of Stockholders.
• The 21,765 RSUs are scheduled to fully vest and convert into shares of Coursera's common stock on the earlier of May 21, 2026, or the issuer's 2026 annual meeting of stockholders, contingent on continuous service.
• Following this acquisition, Ms. Simmons' beneficial ownership increased to 59,550 shares.
• On May 22, 2025, Ms. Simmons disposed of 9,335 shares of Common Stock at a price of $8.48 per share.
• This disposition was effected pursuant to a Rule 10b5-1 trading plan, which was adopted by Ms. Simmons on November 21, 2024.
• After the sale, Ms. Simmons' beneficial ownership stands at 50,215 shares of Common Stock.

Sentiment

Score: 5

Explanation: The report details both an RSU grant, which is a form of compensation, and a pre-planned stock sale, which is a routine insider transaction under a 10b5-1 plan. Neither indicates a strong positive or negative sentiment about the company's immediate prospects, leading to a neutral assessment.

Positives

• The grant of 21,765 Restricted Stock Units (RSUs) to Director Sabrina Simmons represents a form of equity compensation, aligning her interests with long-term shareholder value.
• The RSU grant at a $0 price indicates it is part of a compensation package, not a purchase, which is a common practice for director remuneration.

Negatives

• Director Sabrina Simmons sold 9,335 shares of common stock, which reduces her direct ownership in the company.

Future Outlook

The 21,765 restricted stock units granted to Sabrina Simmons are expected to fully vest and convert into common stock on the earlier of May 21, 2026, or the issuer's 2026 annual meeting of stockholders, provided continuous service is maintained.

Industry Context

This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends. It reflects routine equity compensation and a pre-planned stock sale by a director.

Related Party Transactions

• Sabrina Simmons, a director of Coursera, Inc., engaged in transactions involving the company's common stock, including the acquisition of restricted stock units as compensation and the sale of shares under a pre-arranged trading plan.

Stakeholder Impact

• Shareholders: The RSU grant represents equity compensation to a director, which can align management's interests with long-term shareholder value. The stock sale, while pre-planned, slightly reduces the director's direct ownership in the company.

Next Steps

• Vesting of 21,765 restricted stock units (RSUs) on the earlier of May 21, 2026, or Coursera's 2026 annual meeting of stockholders, subject to continuous service.

Key Dates

Keywords

Coursera, Sabrina Simmons, Form 4, Insider Transaction, Stock Sale, RSU Grant, 10b5-1 Plan, Director Compensation, Equity Compensation