Cardenas Alan B 4

What Happened
Alan B. Cardenas, Coursera’s Senior Vice President and General Counsel, disposed of shares related to vested restricted stock units and an open‑market sale. On Feb 15, 2026 the issuer withheld 9,759 shares to cover tax liability on RSU vesting (not a sale by the reporting person) and 483 shares were withheld and treated as a sale to cover tax on performance‑based RSUs (483 × $5.92 = $2,859). On Feb 17, 2026 Cardenas sold 9,710 shares in an open‑market transaction under a Rule 10b5‑1 plan at $5.92 per share for $57,483. These transactions are primarily disposals (sales/tax withholdings), not purchases.

Key Details

• Transaction dates and prices:
  • Feb 15, 2026: 9,759 shares withheld for taxes @ $5.92 (value $57,773) — issuer withholding, not a sale by the reporting person (Footnote F1).
  • Feb 15, 2026: 483 shares withheld for taxes @ $5.92 (value $2,859) — this withholding is treated as a sale by the reporting person (Footnote F2).
  • Feb 17, 2026: 9,710 shares sold in the open market @ $5.92 (value $57,483) under a prearranged Rule 10b5‑1 plan (Footnote F3).
• Total shares sold by the reporting person: 9,710 (open market) + 483 (tax withholding treated as sale) = 10,193 shares (~$60,342).
• Shares owned after the transactions: not specified in the provided filing excerpt — see the full Form 4 for post-transaction beneficial ownership.
• Filing timing: Form 4 filed Feb 18, 2026. Because the Feb 15 withholdings were reported on Feb 18, those items appear to have been reported one business day after the 2‑business‑day deadline; the Feb 17 sale was reported within the 2‑business‑day window.
• Notable footnotes: F1 = issuer withheld shares to cover taxes (not a sale by the insider); F2 = withholding that constitutes a sale by the insider; F3 = open‑market sale was pursuant to a 10b5‑1 trading plan adopted Sep 4, 2025.

Context
The Feb 15 transactions reflect tax withholding on vested RSUs (one withholding was an issuer action, one was treated as a sale). The Feb 17 disposition was a prearranged 10b5‑1 sale — a commonly used method for insiders to sell shares according to a preestablished plan. These are routine insider disposals and do not necessarily indicate a change in view about the company; they are distinct from outright purchases, which can be a stronger signal of insider confidence.