Form 4: Coursera Director Susan Muigai Receives Significant RSU Grant

Coursera, Inc. Director Susan W. Muigai was granted 21,765 restricted stock units (RSUs) on May 21, 2025, as part of her compensation, which will vest by May 2026.

Summary

• Susan W. Muigai, a Director of Coursera, Inc. (COUR), acquired 21,765 shares of common stock on May 21, 2025.
• These shares represent Restricted Stock Units (RSUs) granted at a price of $0.
• The RSUs were automatically granted the day after Coursera's 2025 Annual Meeting of Stockholders.
• Following this transaction, Ms. Muigai beneficially owns 65,264 shares of Coursera common stock directly.
• The RSUs are scheduled to fully vest and convert into common stock on the earlier of May 21, 2026, or the date of Coursera's 2026 annual meeting of stockholders, contingent upon her continuous service to the company.

Sentiment

Score: 7

Explanation: The RSU grant is a positive event for the director, aligning her interests with the company's long-term performance. It's a standard compensation practice and doesn't indicate any negative operational or financial issues for the company.

Positives

• The grant of 21,765 Restricted Stock Units (RSUs) to Director Susan W. Muigai aligns her interests with long-term shareholder value.
• The RSU grant is a standard component of director compensation, indicating ongoing commitment and retention of key board members.

Negatives

• The RSU grant, upon vesting, will result in a minor dilution of existing shares, though this is a common practice for equity compensation.

Risks

• The vesting of the 21,765 Restricted Stock Units (RSUs) is subject to Susan W. Muigai's continuous service with Coursera, Inc. through the applicable vesting date.

Future Outlook

The Restricted Stock Units (RSUs) are expected to fully vest and convert into shares of Coursera's common stock on the earlier of May 21, 2026, and the issuer's 2026 annual meeting of stockholders, subject to continuous service.

Industry Context

The grant of Restricted Stock Units (RSUs) to directors is a common practice across the technology and education technology sectors, serving as a key component of executive and board compensation packages to align interests with long-term company performance and shareholder value.

Comparison to Industry Standards

• The grant of RSUs to directors is a standard compensation practice in publicly traded companies, particularly within the technology and online education sectors.
• While specific grant sizes vary based on company size, performance, and individual roles, this type of equity compensation is comparable to practices at companies like Chegg, Udemy, or edX (2U), where equity incentives are used to attract and retain board talent and encourage long-term commitment.

Corporate Governance

Stakeholder Impact

• Shareholders: Minor potential dilution upon RSU vesting, but the grant aligns director incentives with long-term shareholder value.
• Director (Susan W. Muigai): Receives equity compensation, increasing her stake and aligning her financial interests with the company's performance.

Next Steps

• The 21,765 Restricted Stock Units (RSUs) are expected to vest on the earlier of May 21, 2026, or Coursera's 2026 annual meeting of stockholders.

Key Dates

Keywords

Coursera, COUR, Susan W. Muigai, Director, Restricted Stock Units, RSU, Equity Compensation, Insider Transaction, Form 4, SEC Filing, Stock Grant, Corporate Governance