Form 4: Coursera SVP, General Counsel Alan B Cardenas Reports Stock Transactions
SEC Form 4 Filing
Alan B Cardenas, SVP, General Counsel of Coursera, Inc., reports the withholding of shares for tax liability and the sale of shares under a Rule 10b5-1 trading plan.
Summary
- On February 15, 2025, Coursera withheld 8,056 shares of common stock from Alan B Cardenas to cover tax liabilities associated with the vesting of restricted stock units.
- On February 19, 2025, Cardenas sold 5,613 shares of Coursera common stock at a weighted average price of $8.2564 per share.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 13, 2024.
- Following these transactions, Cardenas directly owns 180,413 shares of Coursera common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine stock transactions by an executive.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a broader trend in the online education industry.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they are routine and executed under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| February 13, 2024 | Date of adoption of Rule 10b5-1 trading plan. |
| February 15, 2025 | Shares withheld for tax liability. |
| February 19, 2025 | Date of stock sale. |
Keywords
Form 4, Insider Trading, Stock Sale, Rule 10b5-1, Coursera, Cardenas, Stock
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