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Coursera (NYSE: COUR) director shows 91,337 shares from Udemy RSU conversion

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Coursera, Inc. director Sohaib Abbasi filed an initial ownership statement showing his holdings of Coursera common stock following Coursera’s merger with Udemy, Inc. At the effective time of the merger, each Udemy restricted stock unit held by Mr. Abbasi became fully vested and converted into Coursera shares at a 0.800-for-1 exchange ratio.

The filing reports that Mr. Abbasi holds 91,337 shares of Coursera common stock directly after this conversion, reflecting equity received in the merger rather than an open-market trade.

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Insider ABBASI SOHAIB
Role null
Type Security Shares Price Value
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 91,337 shares (Direct, null)
Footnotes (1)
  1. In connection with the terms of the Agreement and Plan of Merger, dated December 17, 2025, by and among Udemy, Inc. ("Udemy"), Coursera, Inc. ("Coursera"), and Chess Merger Sub, Inc., a direct wholly owned subsidiary of Coursera ("Merger Sub"), Merger Sub merged with and into Udemy (the "Merger"), with Udemy surviving the Merger as a wholly owned subsidiary of Coursera. At the effective time of the Merger (the "Effective Time"), each outstanding restricted stock unit award covering shares of Udemy common stock held by Mr. Abbasi became fully vested and converted into the right to receive the number of shares of Coursera common stock (rounded to the nearest whole number of shares) equal to the product of (1) the number of shares of Udemy common stock that had been subject to such award as of immediately prior to the Effective Time, multiplied by (2) 0.800.
Common stock held 91,337 shares Direct Coursera common stock ownership following transaction dated 2026-05-11
RSU conversion ratio 0.800 Udemy restricted stock units converted into Coursera shares at 0.800-for-1 at the Effective Time
Agreement and Plan of Merger regulatory
"In connection with the terms of the Agreement and Plan of Merger, dated December 17, 2025, by and among Udemy, Inc., Coursera, Inc., and Chess Merger Sub, Inc."
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
restricted stock unit financial
"each outstanding restricted stock unit award covering shares of Udemy common stock held by Mr. Abbasi became fully vested and converted"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Effective Time regulatory
"At the effective time of the Merger (the "Effective Time"), each outstanding restricted stock unit award"
wholly owned subsidiary financial
"Merger Sub merged with and into Udemy, with Udemy surviving the Merger as a wholly owned subsidiary of Coursera."
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
Understanding Insider Trading Forms →
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
ABBASI SOHAIB
(Last)(First)(Middle)
2440 WEST EL CAMINO REAL
SUITE 500
(Street)
MOUNTAIN VIEW CALIFORNIA 94040
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
05/11/2026		3. Issuer Name and Ticker or Trading Symbol
Coursera, Inc. [ COUR ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)91,337(2)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. In connection with the terms of the Agreement and Plan of Merger, dated December 17, 2025, by and among Udemy, Inc. ("Udemy"), Coursera, Inc. ("Coursera"), and Chess Merger Sub, Inc., a direct wholly owned subsidiary of Coursera ("Merger Sub"), Merger Sub merged with and into Udemy (the "Merger"), with Udemy surviving the Merger as a wholly owned subsidiary of Coursera.
2. At the effective time of the Merger (the "Effective Time"), each outstanding restricted stock unit award covering shares of Udemy common stock held by Mr. Abbasi became fully vested and converted into the right to receive the number of shares of Coursera common stock (rounded to the nearest whole number of shares) equal to the product of (1) the number of shares of Udemy common stock that had been subject to such award as of immediately prior to the Effective Time, multiplied by (2) 0.800.
Remarks:
Exhibit 24 - Power of Attorney
/s/ Sylvia Lexington, Attorney-in-Fact05/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What does Sohaib Abbasi’s Form 3 filing for Coursera (COUR) report?

The Form 3 shows director Sohaib Abbasi’s initial ownership of Coursera common stock. It reflects shares received when his Udemy restricted stock units vested and converted into Coursera stock in connection with the companies’ merger, rather than any market purchase or sale.

How many Coursera (COUR) shares does Sohaib Abbasi report owning on Form 3?

The filing states that Sohaib Abbasi holds 91,337 shares of Coursera common stock directly. This position results from the conversion of his Udemy restricted stock units into Coursera shares at the time of the merger, not from open-market transactions.

How did Udemy restricted stock units convert into Coursera (COUR) shares for Sohaib Abbasi?

At the merger’s effective time, each outstanding Udemy restricted stock unit became fully vested and converted into the right to receive Coursera common stock. The number of Coursera shares equaled Udemy units multiplied by a 0.800 exchange ratio, rounded to the nearest whole share.

What merger relationship between Coursera (COUR) and Udemy is described in Abbasi’s Form 3 footnotes?

The footnotes explain that Chess Merger Sub, Inc., a wholly owned Coursera subsidiary, merged with and into Udemy. Udemy survived as a wholly owned subsidiary of Coursera, and this transaction triggered the vesting and conversion of Mr. Abbasi’s Udemy restricted stock units.

Does Sohaib Abbasi’s Coursera (COUR) Form 3 indicate any stock purchases or sales?

The Form 3 functions as an initial ownership report and does not show open-market buys or sells. It records Mr. Abbasi’s Coursera holdings after his Udemy restricted stock units vested and converted into Coursera shares in connection with the merger transaction.