Form 4: Director Carmen Chang Receives Coursera RSU Grant
Statement of Changes in Beneficial Ownership
Coursera director Carmen Chang was granted 34,260 restricted stock units following the company's 2026 Annual Meeting.
Summary
- Director Carmen Chang received an automatic grant of 34,260 restricted stock units (RSUs) on June 11, 2026.
- The grant follows the company's 2026 Annual Meeting of Stockholders.
- The RSUs are scheduled to vest fully on the earlier of June 11, 2027, or the date of the 2027 annual meeting, contingent on continued service.
- Following this transaction, the director's direct beneficial ownership stands at 122,520 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine regulatory filing regarding director compensation that does not signal a change in company strategy or financial health.
Positives
- Alignment of director interests with long-term shareholder value through equity-based compensation.
- Standardized, non-discretionary nature of the RSU grant following the annual meeting.
Negatives
- None identified; this is a routine compensatory filing.
Risks
- Vesting is subject to the director's continuous service with the issuer.
Future Outlook
The RSUs will vest on June 11, 2027, or the 2027 annual meeting date, provided the director remains in service.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors following annual meetings are standard corporate governance practice in the technology and education sectors to ensure board member retention and alignment.
Comparison to Industry Standards
- The grant structure is consistent with standard equity compensation practices for directors at publicly traded technology companies.
- The use of annual meeting-based RSU grants is a common mechanism to avoid timing issues related to insider trading windows.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Automatic grant of RSUs following the annual meeting. | 06/11/2026 | Standard practice to align director interests with shareholders. |
Related Party Transactions
- The reporting person is a manager of NEA 17 GP, LLC, which is the general partner of entities holding 2,205,883 shares of Coursera common stock.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard compensatory grant.
Next Steps
- Vesting of the 34,260 RSUs on June 11, 2027.
Key Dates
| Date | Description |
|---|---|
| 06/11/2026 | Date of RSU grant and earliest transaction. |
| 06/11/2027 | Scheduled vesting date for the granted RSUs. |
Keywords
Coursera, COUR, Form 4, Insider Trading, Director Compensation, Restricted Stock Units
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