Coursera (COUR) 10% Owner Pale Fire Capital Buys Stock

What Happened Pale Fire Capital (reporting as a group that is a greater-than-10% Coursera shareholder) purchased a total of 2,332,742 shares of Coursera (COUR) in two open-market transactions. On 2026-09-25 it acquired 1,332,742 shares at $5.06 each ($6,748,872). On 2026-09-29 it acquired 1,000,000 shares at a weighted-average price reported as $4.61 each ($4,606,200). Combined, the buys cost roughly $11.36 million. These were purchases (code "P"), which are typically viewed as a bullish signal when made by an investor.

Key Details

• Transaction dates and prices:
  • 2026-09-25: 1,332,742 shares @ $5.06, total ≈ $6,748,872.
  • 2026-09-29: 1,000,000 shares @ $4.61 (weighted average), total ≈ $4,606,200. Footnote: the 1,000,000 shares were bought in multiple trades at prices ranging $4.5759–$4.6268; the filer will provide per-trade counts if requested (F3).
• Total shares purchased: 2,332,742; total cash outlay ≈ $11,355,072.
• Shares owned after the transactions: not specified in the Form 4 provided.
• Filing timeliness: Form 4 was filed on 2026-09-29 covering trades on 9/25 and 9/29. This falls within the usual two-business-day reporting window for Form 4s and is not flagged as late.
• Footnote summary: The filing is made jointly by Pale Fire Capital entities and two individuals (F1). The reported shares are directly owned by PFC SICAV; related entities and persons may be deemed beneficial owners under control/management relationships (F2).

Context

• Transaction code "P" = purchase (open-market or private buy). No options exercises, gifts, or withholding involved.
• This activity reflects institutional buying by a major (reported >10%) shareholder rather than an executive officer of Coursera. Institutional buys can signal confidence but are not direct statements about company operations; stick to facts when interpreting.
• If you want per-trade detail for the multi-trade block on 9/29, the reporting persons have committed to provide that information on request to the issuer, any security holder, or the SEC staff (per F3).