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 August 15, 2024, Coursera withheld 6,870 shares of common stock from Alan B Cardenas to cover tax liabilities associated with vesting restricted stock units.
- On August 19, 2024, Cardenas sold 6,285 shares of Coursera common stock at a weighted average price of $8.2748 per share, under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Cardenas directly owns 207,434 shares of Coursera common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports routine stock transactions by an officer. The use of a 10b5-1 plan suggests the sales were pre-planned.
Industry Context
This filing is a routine disclosure of insider transactions. Insiders may sell stock for a variety of reasons, including diversification, tax planning, or personal financial needs. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current inside information.
Key Dates
| Date | Description |
|---|---|
| February 13, 2024 | Date the reporting person adopted a Rule 10b5-1 trading plan. |
| August 15, 2024 | Shares of common stock withheld by the issuer to cover the reporting person's tax liability. |
| August 19, 2024 | Date of stock sale transaction. |
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.