[Form 4] Coursera, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Coursera insider activity: Kenneth R. Hahn, SVP and Chief Financial Officer of Coursera, reported multiple transactions in mid-August 2025. He exercised a stock option on 08/14/2025 to acquire 49,503 shares at an exercise price of $6.06, and the underlying option grants 1,250,000 shares granted in 2020 vested fully by May 2024. Following the exercise, Hahn sold a total of 100,000 shares across 08/14–08/15/2025 at weighted-average prices of approximately $11.87–$11.92 per share. The issuer withheld 46,806 shares on 08/15/2025 to cover tax liabilities related to vesting of RSUs and performance RSUs. After these transactions, Hahn beneficially owned 785,923 shares directly.

Insights

Financial Analyst

TL;DR: Insider exercised options and sold a portion of shares; net/direct ownership remains substantial, signaling routine liquidity rather than a clear directional signal.

Hahn exercised a $6.06 option to acquire 49,503 shares and immediately disposed of 100,000 shares across two days at roughly $11.87–$11.92, generating gross proceeds near $1.19 million based on weighted averages stated. The issuer withheld ~46,806 shares to satisfy tax obligations on RSU vesting. Post-transactions, direct beneficial ownership is 785,923 shares, indicating continued meaningful insider exposure. These moves are commonly seen when executives realize gains after option vesting and to cover tax liabilities; they do not, by themselves, imply material change in corporate outlook.

Corporate Governance Expert

TL;DR: Transactions appear routine and comply with disclosure norms; no evidence of trading under a disclosed 10b5-1 plan in this filing.

The Form 4 shows standard reporting: option exercise, open-market sales, and share-withholdings for taxes. The filer checked the box indicating he is an officer and reported the transactions timely. The form does not indicate the use of a Rule 10b5-1 trading plan for these sales. From a governance perspective, transparency is adequate; investors might note the sale size versus total holdings but the filing contains no allegations or procedural irregularities.

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
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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^*

HAHN KENNETH R

(Last) (First) (Middle)

2440 WEST EL CAMINO REAL

SUITE 500

(Street)

MOUNTAIN VIEW CA 94040

(City) (State) (Zip)

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, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2025		M		49,503	A	$6.06	1,150,853	D
Common Stock	08/14/2025		S		75,000	D	$11.87(1)	1,075,853	D
Common Stock	08/15/2025		S		25,000	D	$11.92(2)	1,050,853	D
Common Stock	08/15/2025		F		42,906(3)	D	$11.91	1,007,947	D
Common Stock	08/15/2025		F		3,900(4)	D	$11.91	1,004,047	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$6.06	08/14/2025		M			49,503	(5)	05/19/2030	Common Stock	49,503	$0	785,923	D

Explanation of Responses:

1. Represents a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $11.835 to $11.915, inclusive. The reporting person undertakes to provide upon request by the Securities and Exchange Commission, the issuer, or a securityholder of the issuer detailed information regarding the price and number of shares sold within the range indicated.

2. Represents a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $11.88 to $12.086, inclusive. The reporting person undertakes to provide upon request by the Securities and Exchange Commission, the issuer, or a securityholder of the issuer detailed information regarding the price and number of shares sold within the range indicated.

3. 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, 2025 and does not represent a sale by the reporting person.

4. 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, 2025 and does not represent a sale by the reporting person.

5. Represents a stock option to purchase 1,250,000 shares of common stock granted on May 19, 2020, which vested over 4 years through May 18, 2024.

	/s/ Sylvia Lexington, Attorney-in-Fact	08/18/2025
	** 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.

FAQ

What transactions did Coursera CFO Kenneth Hahn report on Form 4 (COUR)?

He exercised a stock option to acquire 49,503 shares at $6.06 on 08/14/2025, sold 75,000 shares on 08/14/2025 and 25,000 shares on 08/15/2025, and had 46,806 shares withheld for taxes on 08/15/2025.

How many shares does Kenneth Hahn beneficially own after the reported transactions?

The filing reports 785,923 shares of common stock beneficially owned directly following the transactions.

What were the sale prices reported for the insider sales?

Sales on 08/14/2025 had a weighted-average price of about $11.87 and sales on 08/15/2025 had a weighted-average price of about $11.92.

Were the withheld shares sales or withholding for taxes?

The filing clarifies that 42,906 and 3,900 shares were withheld by the issuer to cover tax liabilities associated with RSU and performance-RSU vesting, and were not sales by the reporting person.

Does the filing indicate use of a 10b5-1 trading plan for these transactions?

The Form 4 does not indicate that these transactions were made pursuant to a Rule 10b5-1 trading plan; no such box is checked in the filing.