Were all Coursera (COUR) share dispositions by Alan Cardenas market sales?

No. Besides one open-market sale, 10,556 shares were withheld by Coursera to cover his tax liabilities from RSU and performance-based RSU vesting. Footnotes clarify these tax-withholding dispositions are not sales initiated by him.

Was Alan Cardenas’s Coursera (COUR) share sale under a Rule 10b5-1 plan?

Yes. A footnote states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on September 4, 2025. Such pre-arranged plans automate trades, making their timing less indicative of short-term views on the stock.

Coursera (NYSE: COUR) SVP sells shares, tax withholding on RSUs

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Coursera, Inc. senior vice president and general counsel Alan B. Cardenas reported multiple stock transactions. On May 18, 2026, he sold 9,139 shares of common stock in an open-market trade at $5.52 per share, executed under a Rule 10b5-1 trading plan adopted on September 4, 2025.

On May 15, 2026, a total of 10,556 shares of common stock at $5.28 per share were withheld by Coursera to cover his tax liabilities from the vesting of restricted stock units and performance-based restricted stock units; these footnotes state they do not represent sales by him. After these transactions, he directly holds 255,934 shares of Coursera common stock.

Insider Trade Summary 10b5-1

Net Seller: 9,139 shares ($50,447)

Net Sell 3 txns

Insider Cardenas Alan B

Role SVP, General Counsel

Sold 9,139 shs ($50K)

Type	Security	Shares	Price	Value
Sale	Common Stock	9,139	$5.52	$50K
Tax Withholding	Common Stock	9,201	$5.28	$49K
Tax Withholding	Common Stock	1,355	$5.28	$7K

Holdings After Transaction: Common Stock — 255,934 shares (Direct, null)

Footnotes (1)

Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain restricted stock units on May 15, 2026 and does not represent a sale by the reporting person. Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain performance-based restricted stock units on May 15, 2026 and does not represent a sale by the reporting person. Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.

Key Figures

Open-market sale: 9,139 shares at $5.52 Tax withholding RSUs: 1,355 shares at $5.28 Tax withholding performance RSUs: 9,201 shares at $5.28 +3 more

6 metrics

Open-market sale 9,139 shares at $5.52 Common stock sale on May 18, 2026

Tax withholding RSUs 1,355 shares at $5.28 Tax-withholding disposition on May 15, 2026

Tax withholding performance RSUs 9,201 shares at $5.28 Tax-withholding disposition on May 15, 2026

Shares withheld for taxes total 10,556 shares Total tax-withholding shares on May 15, 2026

Shares after transactions 255,934 shares Direct holdings following May 18, 2026 sale

Net buy/sell shares 9,139 shares net sold Net open-market activity in this Form 4

Key Terms

Rule 10b5-1 trading plan, tax-withholding disposition, restricted stock units, performance-based restricted stock units

4 terms

Rule 10b5-1 trading plan financial

"Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted stock units financial

"tax liability associated with the vesting of shares underlying certain restricted stock units on May 15, 2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance-based restricted stock units financial

"tax liability associated with the vesting of shares underlying certain performance-based restricted stock units on May 15, 2026"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 05:05 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Cardenas Alan B

(Last)

(First)

(Middle)

2440 WEST EL CAMINO REAL

SUITE 500

(Street)

MOUNTAIN VIEW

CALIFORNIA

94040

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Coursera, Inc. [ COUR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2026		F		9,201⁽¹⁾	D	$5.28	266,428	D
Common Stock	05/15/2026		F		1,355⁽²⁾	D	$5.28	265,073	D
Common Stock	05/18/2026		S⁽³⁾		9,139	D	$5.52	255,934	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain restricted stock units on May 15, 2026 and does not represent a sale by the reporting person.

2. Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain performance-based restricted stock units on May 15, 2026 and does not represent a sale by the reporting person.

3. Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.

	/s/ Sylvia Lexington, Attorney-in-Fact	05/19/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Coursera (COUR) SVP Alan Cardenas report in this Form 4?

Alan Cardenas reported an open-market sale of 9,139 Coursera shares and tax-related share withholding. The filing shows routine insider activity around RSU vesting rather than large, discretionary buying or selling, with significant direct stock ownership remaining afterward.

How many Coursera (COUR) shares did Alan Cardenas sell and at what price?

He sold 9,139 shares of Coursera common stock at $5.52 per share on May 18, 2026. This open-market transaction was reported as part of his direct holdings and executed under a pre-arranged Rule 10b5-1 trading plan.

How many Coursera (COUR) shares does Alan Cardenas hold after these transactions?

After the reported transactions, Alan Cardenas directly holds 255,934 shares of Coursera common stock. This figure reflects his remaining position following the open-market sale and the issuer’s tax-withholding dispositions tied to equity award vesting.