Coursera (NYSE: COUR) legal chief sells stock under 10b5-1 plan

Q: What insider transactions did COUR report for Alan B. Cardenas in this Form 4?

Alan B. Cardenas reported a sale of 9,139 COUR shares at $5.71 on August 17, 2026, plus two F-code entries on August 15, 2026 where shares were withheld to cover tax liabilities on vesting RSUs and performance-based RSUs, which are not considered sales.

Q: Was the August 17, 2026 COUR stock sale by Alan B. Cardenas under a Rule 10b5-1 plan?

Yes. The 9,139-share sale at $5.71 on August 17, 2026 was effected under a Rule 10b5-1 trading plan that Cardenas adopted on September 4, 2025, indicating the trade timing was pre-arranged rather than discretionary.

Q: How many COUR shares were withheld for Alan B. Cardenas’s tax obligations on August 15, 2026?

Coursera withheld 9,203 shares related to restricted stock unit vesting and 1,355 shares related to performance-based RSU vesting on August 15, 2026. Footnotes state these F-code transactions do not represent sales but shares withheld to satisfy tax liabilities.

Q: Does the Form 4 indicate that the COUR insider sale is part of net selling activity?

Yes. The filing shows a net sell of 9,139 shares of Coursera common stock, reflecting the single open-market sale. The additional F-code entries totaling 10,558 shares are categorized as tax-withholding dispositions , not market sales by the insider.

Q: What role does Alan B. Cardenas hold at Coursera (COUR) according to this Form 4?

Alan B. Cardenas is reported as SVP, General Counsel of Coursera, Inc. in this Form 4. His officer status means these transactions involve an executive officer , which is why they are subject to Section 16 reporting requirements.

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Coursera, Inc. (COUR) reported insider activity by Alan B. Cardenas, SVP and General Counsel. On August 17, 2026, he sold 9,139 shares of common stock at $5.71 per share in an open-market transaction effected under a Rule 10b5-1 trading plan adopted on September 4, 2025. On August 15, 2026, Coursera withheld 9,203 shares tied to restricted stock unit vesting and 1,355 shares tied to performance-based restricted stock unit vesting to cover tax liabilities; these two F-code entries are explicitly described as not sales by the reporting person.

Insider Trade Summary 10b5-1

Net Seller: 19,697 shares

Net Sell 3 txns

Insider Cardenas Alan B

Role SVP, General Counsel

Sold 9,139 shs ($52K)

Type	Security	Shares	Price	Value
Sale	Common Stock ^F3	9,139	$5.71	$52K
Tax Withholding	Common Stock ^F1	9,203	$5.78	$53K
Tax Withholding	Common Stock ^F2	1,355	$5.78	$8K

Holdings After Transaction: Common Stock — 236,237 shares (Direct)

Footnotes (3)

F1. 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 August 15, 2026 and does not represent a sale by the reporting person.
F2. 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 August 15, 2026 and does not represent a sale by the reporting person.
F3. Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.

Key Figures

Shares sold: 9,139 shares Sale price: $5.71 per share RSU tax-withholding shares: 9,203 shares +2 more

5 metrics

Shares sold 9,139 shares Open-market sale of Coursera common stock on August 17, 2026

Sale price $5.71 per share Price for the 9,139-share sale on August 17, 2026

RSU tax-withholding shares 9,203 shares Shares withheld to cover tax liability on RSU vesting on August 15, 2026

Performance RSU tax-withholding shares 1,355 shares Shares withheld to cover tax liability on performance-based RSU vesting on August 15, 2026

Tax-withholding transactions count 2 transactions Code F entries for tax-liability share withholding on August 15, 2026

Key Terms

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

3 terms

Rule 10b5-1 trading plan regulatory

"Transaction effected pursuant to a Rule 10b5-1 trading plan adopted"

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.

restricted stock units financial

"tax liability associated with the vesting of shares underlying certain restricted stock units"

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"

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.

FAQ

What insider transactions did COUR report for Alan B. Cardenas in this Form 4?

Alan B. Cardenas reported a sale of 9,139 COUR shares at $5.71 on August 17, 2026, plus two F-code entries on August 15, 2026 where shares were withheld to cover tax liabilities on vesting RSUs and performance-based RSUs, which are not considered sales.

Was the August 17, 2026 COUR stock sale by Alan B. Cardenas under a Rule 10b5-1 plan?

Yes. The 9,139-share sale at $5.71 on August 17, 2026 was effected under a Rule 10b5-1 trading plan that Cardenas adopted on September 4, 2025, indicating the trade timing was pre-arranged rather than discretionary.

How many COUR shares were withheld for Alan B. Cardenas’s tax obligations on August 15, 2026?

Coursera withheld 9,203 shares related to restricted stock unit vesting and 1,355 shares related to performance-based RSU vesting on August 15, 2026. Footnotes state these F-code transactions do not represent sales but shares withheld to satisfy tax liabilities.

Does the Form 4 indicate that the COUR insider sale is part of net selling activity?

Yes. The filing shows a net sell of 9,139 shares of Coursera common stock, reflecting the single open-market sale. The additional F-code entries totaling 10,558 shares are categorized as tax-withholding dispositions, not market sales by the insider.

What role does Alan B. Cardenas hold at Coursera (COUR) according to this Form 4?

Alan B. Cardenas is reported as SVP, General Counsel of Coursera, Inc. in this Form 4. His officer status means these transactions involve an executive officer, which is why they are subject to Section 16 reporting requirements.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 07:08 PM Accepted by SEC EDGAR 08/18/2026 - 07:08 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)
08/15/2026

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	08/15/2026		F		9,203⁽¹⁾	D	$5.78	246,731	D
Common Stock	08/15/2026		F		1,355⁽²⁾	D	$5.78	245,376	D
Common Stock	08/17/2026		S⁽³⁾		9,139	D	$5.71	236,237	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 August 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 August 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	08/18/2026
	** 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