Form 4: Coursera Executive Michele M. Meyers Sells Shares to Cover Tax Obligations

Coursera's VP of Accounting and CAO, Michele M. Meyers, sold 8,017 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• Michele M. Meyers, VP of Accounting and CAO at Coursera, Inc., sold 8,017 shares of common stock on November 15, 2024.
• The sale was executed at a price of $6.93 per share.
• This transaction was to cover the tax liability associated with the vesting of restricted stock units.
• Following the transaction, Ms. Meyers directly owns 218,343 shares of Coursera common stock.

Sentiment

Score: 5

Explanation: This is a neutral event, a routine transaction for an executive to cover tax obligations. It does not indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Stock sales by executives to cover tax liabilities are a common practice across publicly traded companies.
• The sale of 8,017 shares is not unusual for an executive at Ms. Meyers' level.
• The price of $6.93 per share is reflective of the market price at the time of the transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Coursera, insider trading, stock sale, Form 4, Michele M. Meyers, executive compensation, restricted stock units, tax liability