[Form 3] Coursera, Inc. Initial Statement of Beneficial Ownership
Coursera, Inc. director Marylou Maco filed an initial statement of beneficial ownership on common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
Coursera, Inc. director Marylou Maco filed an initial statement of beneficial ownership on common stock. The filing reports direct ownership of 48,386 shares of Coursera common stock.
The footnotes explain that this position stems from Udemy, Inc. restricted stock units that fully vested and were converted into Coursera shares under an Agreement and Plan of Merger, using a 0.800 exchange ratio at the merger’s effective time.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Maco Marylou
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 48,386 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 Ms. Maco 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: 48,386 shares
RSU conversion ratio: 0.800
2 metrics
Common stock held
48,386 shares
Direct beneficial ownership after conversion
RSU conversion ratio
0.800
Udemy restricted stock units to Coursera common stock
Key Terms
Agreement and Plan of Merger, Merger Sub, wholly owned subsidiary, restricted stock unit award, +1 more
5 terms
Agreement and Plan of Merger regulatory
"In connection with the terms of the Agreement and Plan of Merger, dated December 17, 2025..."
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.
Merger Sub regulatory
"Chess Merger Sub, Inc., a direct wholly owned subsidiary of Coursera ("Merger Sub"), Merger Sub merged with and into Udemy..."
A merger sub is a temporary, wholly owned subsidiary that an acquiring company creates to carry out a merger with another firm. Think of it as a wrapper used to combine two businesses—this can simplify legal and tax steps, isolate liabilities, and help preserve the target’s contracts or stock structure, so investors watch it because the chosen approach affects deal mechanics, shareholder votes, potential dilution, and legal or tax risk.
wholly owned subsidiary financial
"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.
restricted stock unit award financial
"each outstanding restricted stock unit award covering shares of Udemy common stock held by Ms. Maco became fully vested..."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
