Form 4: Coursera SVP Alan B. Cardenas Reports Stock Award Vesting and Tax Withholding

Alan B. Cardenas, SVP, General Counsel of Coursera, Inc., reports the vesting of performance-based restricted stock units and subsequent tax withholding.

Summary

• On February 24, 2025, Alan B. Cardenas, SVP, General Counsel of Coursera, Inc., vested 18,431 shares of common stock earned under a performance-based restricted stock unit (PSU) award granted on March 18, 2024.
• The performance condition was achieved, and the first tranche (25%) vested immediately.
• The remaining PSUs will vest in 12 quarterly installments starting May 15, 2025, contingent upon continued service.
• 1,666 shares were withheld by Coursera to cover Cardenas' tax liability related to the vested shares at a price of $8.08.
• Following these transactions, Cardenas directly owns 197,178 shares of Coursera common stock.

Sentiment

Score: 6

Explanation: Routine disclosure of stock vesting and tax withholding; neutral impact.

Positives

• The vesting of PSUs indicates that performance goals were met, which is a positive signal.

Future Outlook

The remaining PSUs are subject to service-based vesting, occurring in 12 quarterly installments starting May 15, 2025, contingent on continued service.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• Shareholders may view the vesting of PSUs as a sign of management's commitment and alignment with company performance.

Next Steps

• Remaining PSUs will vest in 12 quarterly installments commencing on May 15, 2025, subject to continued service.

Key Dates