Form 4: Coursera SVP, Chief People Officer Richard Jacquet Reports Stock Transactions

Richard Jacquet, SVP, Chief People Officer of Coursera, Inc., reports the withholding of shares for tax liability and the sale of shares under a 10b5-1 trading plan.

Summary

• On May 15, 2024, Coursera withheld 35,907 shares from Richard Jacquet to cover tax liabilities related to vesting restricted stock units at a price of $8.96.
• Jacquet also sold 16,453 shares of Coursera common stock on May 17, 2024, at a weighted average price of $8.5626.
• These sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 7, 2024.
• Following these transactions, Jacquet beneficially owns 198,954 shares of Coursera common stock.
• Jacquet also acquired 1,858 shares of common stock under the Coursera, Inc. 2021 Employee Stock Purchase Plan on May 10, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock transactions, including tax-related withholding and sales under a pre-existing trading plan. There is no indication of positive or negative sentiment towards the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to have pre-arranged trading plans (Rule 10b5-1) to sell shares periodically.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units, leading to periodic sales for diversification or tax purposes.
• Rule 10b5-1 plans are a standard practice among public company executives to avoid accusations of insider trading.
• Comparable companies like 2U, Instructure, or Udemy also see similar filings from their executives.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders, but the pre-arranged nature of the trading plan mitigates concerns about insider information.

Key Dates