Form 4: Coursera SVP, General Counsel Alan B Cardenas Reports Sale of Shares
SEC Form 4 Filing
Alan B Cardenas, SVP, General Counsel of Coursera, Inc., reported the sale of 6,101 shares of common stock at an average price of $8.65.
Summary
- On May 20, 2025, Alan B Cardenas, the SVP, General Counsel of Coursera, Inc., sold 6,101 shares of common stock.
- The sale was executed at a weighted average price of $8.65 per share, with individual transactions ranging from $8.57 to $8.70.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on February 13, 2024.
- Following the transaction, Cardenas directly owns 293,368 shares of Coursera common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a routine transaction under a pre-existing trading plan. It doesn't necessarily reflect a positive or negative view of the company's future.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to sell shares periodically for personal financial management.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| February 13, 2024 | Date of adoption of Rule 10b5-1 trading plan. |
| May 20, 2025 | Date of the transaction (sale of shares). |
| May 22, 2025 | Date of signature of the Form 4 filing. |
Keywords
Form 4, Coursera, Insider Trading, Stock Sale, Alan B Cardenas, COUR
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