Coursera director reports 91,337 initial shares
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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.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ABBASI SOHAIB
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 91,337 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. 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.
Key Figures
Common stock held: 91,337 shares
RSU conversion ratio: 0.800
2 metrics
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
Key Terms
Agreement and Plan of Merger, restricted stock unit, Effective Time, wholly owned subsidiary
4 terms
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"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
