Coursera (COUR) SVP & GC Alan Cardenas Sells Shares

What Happened
Alan B. Cardenas, Coursera's Senior Vice President and General Counsel, recorded a sale and related tax-withholding transactions in mid‑August 2026. On August 17, 2026 he sold 9,139 shares in an open‑market transaction at $5.71 per share for proceeds of $52,184. On August 15, 2026 the issuer withheld 9,203 shares (at $5.78) and 1,355 shares (at $5.78) to cover tax liabilities tied to the vesting of restricted stock units and performance‑based restricted stock units, totaling about $61,025; those withholdings are not sales by the insider.

Key Details

• Transaction dates and prices:
  • 2026-08-15: 9,203 shares withheld @ $5.78 = $53,193 (tax withholding for RSUs) — footnote F1
  • 2026-08-15: 1,355 shares withheld @ $5.78 = $7,832 (tax withholding for performance RSUs) — footnote F2
  • 2026-08-17: 9,139 shares sold @ $5.71 = $52,184 (open market sale) — footnote F3
• Reporting method: the Aug 17 sale was effected pursuant to a Rule 10b5‑1 trading plan adopted Sept 4, 2025 (F3). The Aug 15 share movements are issuer tax-withholdings, not open-market dispositions (F1, F2).
• Shares owned after the transactions: Not specified in the Form 4 filing.
• Filing timeliness: Form 4 was filed Aug 18, 2026; the filing shows no late‑filing flag.

Context

• The Aug 15 transfers are cashless tax withholdings tied to RSU and performance RSU vesting — common administrative events that do not reflect additional selling intent.
• The Aug 17 sale was carried out under a pre-existing 10b5‑1 trading plan, which typically indicates a preplanned sale schedule rather than an opportunistic trade.
• Sales by officers are routine and do not by themselves indicate the insider’s view of the company’s prospects; purchases tend to be a stronger bullish signal.