Insight entities (NYSE: COUR) disclose sizable indirect Coursera stakes

Rhea-AI Filing Summary

Insight-affiliated investment entities disclosed significant indirect holdings of Coursera, Inc. common stock. Multiple reporting persons, each classified as a ten percent owner, reported indirect ownership stakes as of May 11, 2026.

The holdings are reported in several line items of Coursera common stock, including 787,927 shares, 1,224,736 shares, 8,523,803 shares, 448,158 shares, and 19,362,553 shares, all listed as indirectly owned with further detail referenced in Exhibit 99.1.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Insight Holdings Group, LLC, Insight Venture Associates VII, Ltd., Insight Venture Associates VII, L.P., Insight Venture Partners VII, L.P., Insight Venture Partners VII (Co-Investors), L.P., Insight Venture Partners (Cayman) VII, L.P., Insight Venture Partners (Delaware) VII, L.P., Insight Associates XI, Ltd., Insight Associates XI, L.P., Grace Software Cross Fund Holdings, LLC

Role null | null | null | null | null | null | null | null | null | null

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 19,362,553 shares (Indirect, See footnotes)

Footnotes (1)

1. See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1 See Exhibit 99.1

Key Figures

Indirect holding 1: 787,927 shares Indirect holding 2: 1,224,736 shares Indirect holding 3: 8,523,803 shares +5 more

8 metrics

Indirect holding 1 787,927 shares Total Coursera common shares indirectly owned after entry on May 11, 2026

Indirect holding 2 1,224,736 shares Total Coursera common shares indirectly owned after entry on May 11, 2026

Indirect holding 3 8,523,803 shares Total Coursera common shares indirectly owned after entry on May 11, 2026

Indirect holding 4 448,158 shares Total Coursera common shares indirectly owned after entry on May 11, 2026

Indirect holding 5 19,362,553 shares Total Coursera common shares indirectly owned after entry on May 11, 2026

Holding entries 5 entries Number of Coursera common stock holding lines reported in Form 3

Unknown-direction entries 5 entries Transactions with direction marked unknown in transaction summary

Ten percent owner status 10 reporting persons Each reporting person marked as a ten percent owner of Coursera

Key Terms

ten percent owner, Common Stock, indirect ownership, Form 3, +1 more

5 terms

ten percent owner regulatory

"each reporting person is marked as a ten percent owner of Coursera common stock"

Common Stock financial

"each holding entry lists the security title as Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

indirect ownership financial

"each transaction is coded with indirect ownership and nature-of-ownership as See footnotes"

Form 3 regulatory

"the insider filing data is identified as a Form 3 initial statement"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

transaction direction regulatory

"transaction_direction is recorded as unknown for each holding entry"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED 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^*

Insight Holdings Group, LLC

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(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)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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	19,362,553	I	See footnotes(1)(2)(3)
Common Stock	448,158	I	See footnotes(1)(2)(4)
Common Stock	8,523,803	I	See footnotes(1)(2)(5)
Common Stock	1,224,736	I	See footnotes(1)(2)(6)
Common Stock	787,927	I	See footnotes(1)(2)(7)

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 Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Insight Holdings Group, LLC

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Associates VII, Ltd.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Associates VII, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Partners VII, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Partners VII (Co-Investors), L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Partners (Cayman) VII, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Venture Partners (Delaware) VII, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Associates XI, Ltd.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Insight Associates XI, L.P.

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Grace Software Cross Fund Holdings, LLC

(Last) (First) (Middle)

C/O INSIGHT PARTNERS

1114 AVENUE OF THE AMERICAS, 36TH FLOOR

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. See Exhibit 99.1

2. See Exhibit 99.1

3. See Exhibit 99.1

4. See Exhibit 99.1

5. See Exhibit 99.1

6. See Exhibit 99.1

7. See Exhibit 99.1

Remarks:

This Form 3 is the first of two Forms 3 filed relating to the same event. The Form 3 has been split into two filings because there are more than 10 reporting persons in total, and the SEC"s EDGAR filing system limits a single Form 3 to a maximum of 10 reporting persons. Each Form 3 is filed by Designated Filer, Insight Holdings Group, LLC. Exhibit List: Exhibit 99.1 - Explanation of Responses Exhibit 99.2 - Joint Filers" Signatures Exhibit 99.3 - Joint Filer Information

	Insight Holdings Group, LLC; by /s/ Andrew Prodromos, Attorney-in-Fact	05/13/2026
	** Signature of Reporting Person	Date
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)

FAQ

What does the Form 3 filing for COUR by Insight entities show?

The filing shows several Insight-affiliated entities as ten percent owners of Coursera common stock. They report multiple indirect holdings lines, with individual positions such as 787,927, 1,224,736, 8,523,803, 448,158, and 19,362,553 shares as of May 11, 2026.

Who are the reporting persons in the Coursera (COUR) Form 3?

The reporting persons include Insight Holdings Group, various Insight Venture Partners VII funds and related entities, Insight Associates XI vehicles, and Grace Software Cross Fund Holdings. Each is listed as a ten percent owner of Coursera common stock with indirect ownership interests.

Are the Coursera (COUR) holdings reported on the Form 3 direct or indirect?

All reported Coursera common stock positions are categorized as indirectly owned. Each line item is marked with indirect ownership and a nature-of-ownership note directing readers to Exhibit 99.1 for additional detail on how the shares are held.

What share amounts are disclosed in the COUR Form 3 holdings entries?

The Form 3 lists several indirect Coursera common stock positions, including 787,927 shares, 1,224,736 shares, 8,523,803 shares, 448,158 shares, and 19,362,553 shares. Each figure represents total shares following the reported holding entry on May 11, 2026.

Does the Coursera (COUR) Form 3 indicate any buy or sell transactions?

The entries are labeled as holdings with no transaction code and transaction direction recorded as unknown. The filing presents total shares of Coursera common stock indirectly owned after the entries, rather than explicitly labeling them as purchases or sales.