Form 4: Coursera's Chief People Officer, Marcelo Modica, Receives Stock Grants and Options

Marcelo Modica, Coursera's SVP and Chief People Officer, was granted restricted stock units and stock options as part of his appointment.

Summary

• Marcelo Modica, the SVP and Chief People Officer of Coursera, Inc., received stock grants and options on September 16, 2024.
• He was granted 306,373 shares of common stock in the form of restricted stock units (RSUs).
• These RSUs vest over time, with 25% vesting on August 15, 2025, and the remaining 75% vesting in equal quarterly installments thereafter, contingent upon continued service.
• Modica also received options to purchase 612,746 shares of common stock at an exercise price of $7.81.
• These options also vest over four years, with 25% vesting on August 15, 2025, and the remaining 75% vesting in 36 equal monthly installments thereafter, contingent upon continued service.
• Following these transactions, Modica beneficially owns 306,373 shares of common stock and options for 612,746 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the company's future and incentivizing the executive's performance.

Positives

• The grant of RSUs and stock options aligns Marcelo Modica's interests with those of Coursera's shareholders.
• The vesting schedule incentivizes continued service and commitment to the company.

Risks

• The value of the stock options is dependent on the future performance of Coursera's stock.
• The vesting of the RSUs and stock options is contingent upon Marcelo Modica's continued service with the company.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the granted securities.

Industry Context

Stock grants and options are a common form of compensation for executives in publicly traded companies, particularly in the technology sector, to align their interests with those of shareholders and incentivize long-term growth.

Comparison to Industry Standards

• Stock option grants are a standard component of executive compensation packages in the tech industry.
• Companies like Google, Meta, and Amazon also use stock options and RSUs to attract and retain top talent.
• The vesting schedules described are typical for such grants, aligning with industry norms for incentivizing long-term commitment.

Stakeholder Impact

• Shareholders may view the stock grants as a positive sign, aligning management's interests with theirs.
• Employees may see this as a positive sign of investment in leadership.

Key Dates