Coursera (NYSE: COUR) SVP earns 41,498 PSUs with staged vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coursera, Inc. SVP and Chief People Officer Marcelo Modica reported equity compensation activity involving performance-based restricted stock units (PSUs). On February 23, 2026, he acquired 41,498 shares of common stock at no cost through a grant/award tied to a PSU grant dated March 20, 2025.
The filing notes that the PSU performance condition was achieved on February 23, 2026, earning 41,498 PSUs, with 25% vesting and shares released that day. The remaining PSUs will vest in 12 quarterly installments starting May 15, 2026, subject to continued service. The company also withheld 3,741 shares at $6.01 per share to cover related tax obligations, which the disclosure states does not represent a sale by Modica.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Modica Marcelo
Role
SVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 41,498 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,741 | $6.01 | $22K |
Holdings After Transaction:
Common Stock — 402,058 shares (Direct)
Footnotes (1)
- Represents shares of common stock earned by the reporting person under a performance-based restricted stock unit ("PSU") award granted on March 20, 2025, subject to performance- and service-based vesting conditions. On February 23, 2026, the performance condition was achieved, resulting in 41,498 PSUs being earned by the reporting person. The service condition for the first tranche was also met, causing 25% of such PSUs to vest and shares to be released on February 23, 2026. The remaining PSUs are subject only to a service condition and will vest in 12 quarterly installments commencing on May 15, 2026, subject to the reporting person's continued service with the issuer through each vesting date. 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 February 23, 2026 and does not represent a sale by the reporting person.
FAQ
What insider transactions did Coursera (COUR) SVP Marcelo Modica report?
Marcelo Modica reported acquiring 41,498 Coursera common shares through a performance-based restricted stock unit grant. He also reported 3,741 shares withheld by the company at $6.01 per share to cover taxes related to vesting, which the disclosure states does not represent a sale.
Is the Coursera (COUR) insider tax withholding in this Form 4 a sale?
No, the 3,741 Coursera shares reported under transaction code F were withheld by the issuer to cover Marcelo Modica’s tax liability. The disclosure explicitly states this withholding does not represent a sale by the reporting person in the open market.
What is the vesting schedule for Marcelo Modica’s Coursera PSU award?
After the performance condition was achieved on February 23, 2026, 25% of the 41,498 PSUs vested immediately. The remaining PSUs vest in 12 quarterly installments beginning May 15, 2026, contingent on Modica’s continued service with Coursera through each vesting date.
What position does Coursera (COUR) insider Marcelo Modica hold?
Marcelo Modica is identified as an officer of Coursera, serving as Senior Vice President and Chief People Officer. The reported Form 4 transactions reflect changes in his directly held common stock through a PSU award and related tax withholding by the company.