Form 4: Coursera SVP, General Counsel Alan B. Cardenas Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Alan B. Cardenas, SVP, General Counsel of Coursera, Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 18, 2024, Alan B. Cardenas, SVP, General Counsel of Coursera, Inc., reported changes in beneficial ownership.
- Cardenas acquired 65,944 shares of common stock at $0.
- Cardenas disposed of 233,742 shares of common stock.
- Following the reported transactions, Cardenas beneficially owns 233,742 shares.
- The report also mentions restricted stock units (RSUs) that vest in sixteen substantially equal quarterly installments beginning May 15, 2024, contingent upon continued service with the issuer.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions by an executive.
Future Outlook
The vesting of RSUs in sixteen quarterly installments suggests a continued service requirement for Cardenas with Coursera.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of transaction involving common stock acquisition and disposal |
| 05/15/2024 | Start date for quarterly vesting of restricted stock units |
| 03/20/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.