Cardenas Alan B 4

What Happened
Alan B. Cardenas, Coursera's Senior Vice President and General Counsel, reported stock dispositions tied to vested restricted stock units and an open‑market sale. On May 15, 2026 the company withheld 9,201 shares (valued at $48,581) and 1,355 shares (valued at $7,154) to cover tax liabilities for vested RSUs and performance‑based RSUs (these withholdings are not sales by the reporting person). On May 18, 2026 he sold 9,139 shares in an open‑market transaction at $5.52 per share for proceeds of $50,447; that sale was executed under a Rule 10b5‑1 trading plan.

Key Details

• Transaction dates & prices:
  • May 15, 2026: 9,201 shares withheld @ $5.28 = $48,581 (tax withholding for vested RSUs)
  • May 15, 2026: 1,355 shares withheld @ $5.28 = $7,154 (tax withholding for vested performance RSUs)
  • May 18, 2026: 9,139 shares sold @ $5.52 = $50,447 (open market sale under 10b5‑1 plan)
• Total shares withheld for taxes on May 15: 10,556 (F1, F2); these are not open‑market sales by the insider.
• The May 18 sale was effected pursuant to a Rule 10b5‑1 trading plan adopted Sept 4, 2025 (F3).
• Filing: Form 4 filed May 19, 2026. This appears to be within the typical two business‑day Form 4 reporting window for these transactions.
• Shares owned after transaction: Not specified in the summary data provided.

Context

• The May 15 entries are tax‑withholding related to vesting (common when RSUs vest) and should not be read as the insider actively selling those shares.
• The May 18 disposition was an open‑market sale under a pre‑arranged 10b5‑1 plan, which schedules trades in advance and is a routine mechanism for insiders to sell shares.
• These actions are routine insider housekeeping (vesting and planned sale) and, by themselves, do not necessarily signal a change in the insider's view of the company.