Form 4: Coursera SVP Modica Earns 41,498 Shares from PSU Vesting

Coursera's SVP, Chief People Officer, Marcelo Modica, acquired 41,498 shares of common stock through a performance-based restricted stock unit award, with a portion withheld for tax obligations.

Summary

• Marcelo Modica, SVP, Chief People Officer of Coursera, Inc. (COUR), acquired 41,498 shares of common stock.
• These shares were earned from a performance-based restricted stock unit (PSU) award granted on March 20, 2025.
• The performance condition for the PSU award was achieved on February 23, 2026.
• 25% of the earned PSUs vested and shares were released on February 23, 2026, as the first tranche's service condition was met.
• The remaining PSUs will vest in 12 quarterly installments starting May 15, 2026, contingent on continued service.
• 3,741 shares were withheld by Coursera to cover tax liabilities associated with the vesting, not representing a sale by Modica.
• Following these transactions, Modica beneficially owns 398,317 shares of Coursera common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, indicating the achievement of performance targets and continued executive alignment, though it's a routine compensation event.

Positives

• Achievement of performance conditions for a significant PSU award indicates the company met specific operational or financial targets.
• The vesting of a substantial number of shares for a key executive aligns their interests with long-term shareholder value.

Risks

• The continued vesting of remaining PSUs is subject to the reporting person's continued service, posing a retention risk if the executive departs.

Future Outlook

The remaining performance-based restricted stock units (PSUs) will vest in 12 quarterly installments commencing on May 15, 2026, contingent on Marcelo Modica's continued service with Coursera.

Industry Context

StockSavvy.ai notes that executive compensation tied to performance-based restricted stock units is a common practice in the technology and education sectors, aligning executive incentives with company performance and long-term shareholder value. The vesting of these awards often signals the achievement of internal operational or financial milestones.

Stakeholder Impact

• Shareholders: The vesting of performance-based awards aligns executive incentives with company performance, potentially benefiting long-term shareholder value.
• Employees: This reflects standard executive compensation practices within the company.

Next Steps

• Remaining PSUs to vest in 12 quarterly installments commencing May 15, 2026, subject to continued service.

Key Dates

Recommendation

This Form 4 reports a standard executive compensation event where performance-based restricted stock units vested due to achieved performance conditions. While it indicates positive internal performance, it does not present new information that would fundamentally alter the investment thesis for Coursera, thus a 'hold' recommendation is appropriate.

Keywords

Coursera, COUR, Marcelo Modica, Form 4, SEC filing, insider transaction, restricted stock units, PSU vesting, executive compensation, stock award