[Form 4] Coursera, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alan B. Cardenas, SVP and General Counsel of Coursera, Inc. (COUR), reported transactions dated 08/15/2025 related to withholding of shares to satisfy tax withholding on vesting equity awards. The issuer withheld 9,794 shares (common stock) and 417 shares (performance-based restricted stock units) at an effective price of $11.91 per share to cover the reporting person's tax liabilities associated with those vested awards. These withholdings are recorded as dispositions but the filing explicitly states they do not represent sales by the reporting person. After the transactions the filing shows beneficial ownership levels of 283,574 and 283,157 shares respectively as of the transaction date.

Positive

• Disclosure clarity: Filing explicitly states withheld shares are for tax withholding and do not represent a sale by the reporting person
• Routine compensation mechanism: Transactions reflect standard treatment of vested RSUs and performance RSUs, indicating normal executive compensation processing

Negative

• None.

Insights

Securities/Corporate Governance Analyst

TL;DR: Officer withheld vested shares to cover tax obligations; routine equity compensation mechanics, not a market sale.

These entries reflect standard issuer share-withholding to satisfy tax withholding obligations on vested restricted stock units and performance-based units. The transactions are coded as dispositions because shares were withheld by the issuer, but the filer clarifies no sale by the reporting person occurred. This is a common administrative outcome of vesting events and generally does not indicate a change in the officer's investment view or a liquidity-driven sale.

Compensation/Risk Analyst

TL;DR: Tax-withholding on equity vesting reduced outstanding personal holdings modestly; no new derivative activity reported.

The filing shows only non-derivative share withholdings tied to vesting, with no exercise of options, no new grants disclosed, and no derivative transactions in Table II. The modest size of shares withheld (9,794 and 417) at $11.91 each suggests routine payroll-tax settlement rather than a material change in compensation or ownership structure.

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

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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^*

Cardenas Alan B

(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, General Counsel

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		F		9,794(1)	D	$11.91	283,574	D
Common Stock	08/15/2025		F		417(2)	D	$11.91	283,157	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

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

	/s/ Sylvia Lexington, Attorney-in-Fact	08/19/2025
	** 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.
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FAQ

What did Coursera insider Alan Cardenas report on Form 4 (COUR)?

The Form 4 reports share withholdings on 08/15/2025 to cover tax liabilities from vested restricted stock units and performance-based RSUs; these withholdings are not sales.

How many shares were withheld and at what price?

The issuer withheld 9,794 shares and 417 shares at an indicated price of $11.91 per share.

Do the withheld shares represent a sale by the reporting person?

No. The filing explicitly states the withholdings do not represent a sale by the reporting person; they were withheld by the issuer to satisfy tax obligations.

What was Alan Cardenas' role at Coursera listed on the Form 4?

He is listed as SVP, General Counsel and as an officer; the form also notes a director relationship checkbox.

Did the Form 4 report any option exercises or derivative transactions?

No. Table II (derivative securities) shows no transactions; only non-derivative common stock withholdings are reported.