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Coursera (NYSE: COUR) withholds shares for RSU tax obligations

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Coursera, Inc. reported that SVP and General Counsel Alan B. Cardenas had 10,211 shares of common stock withheld by the company on August 15, 2025 to cover his tax liability upon vesting of restricted and performance-based stock units at $11.91 per share; these withholdings do not represent market sales.

After these tax-withholding dispositions, Cardenas directly holds 283,157 shares of Coursera common stock.

Positive

  • None.

Negative

  • None.

Insights

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.

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.

Insider Cardenas Alan B
Role SVP, General Counsel
Type Security Shares Price Value
Exercise Price or Tax Liability Common Stock 9,794 $11.91 $117K
Exercise Price or Tax Liability Common Stock 417 $11.91 $5K
Holdings After Transaction: Common Stock — 283,157 shares (Direct)
Footnotes (2)
  1. 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, 2025 and does not represent a sale by the reporting person.
  2. 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, 2025 and does not represent a sale by the reporting person.
Shares withheld for taxes 10,211 shares Common stock withheld to cover tax liability on August 15, 2025
Tax withholding lot 1 9,794 shares Common stock withheld for RSU vesting tax liability at $11.91 per share
Tax withholding lot 2 417 shares Common stock withheld for performance-based RSU vesting tax liability at $11.91 per share
Per-share tax price $11.91 per share Value applied to withheld common stock on August 15, 2025
Post-transaction holdings 283,157 shares Common stock held directly by Alan B. Cardenas after tax withholding
restricted stock units financial
"shares of common stock withheld to cover 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
"shares of common stock withheld to cover 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.
tax liability financial
"withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares"

FAQ

What insider share activity did Coursera (COUR) report for Alan B. Cardenas?
Alan B. Cardenas had 10,211 Coursera common shares withheld on August 15, 2025 to cover tax liabilities from vesting RSUs. The company withheld 9,794 shares tied to restricted stock units and 417 shares tied to performance-based RSUs, all at $11.91 per share.

Were the Coursera (COUR) shares withheld from Alan B. Cardenas considered sales?
No. The company states these transactions do not represent a sale by Alan B. Cardenas. The 10,211 shares of common stock were withheld by Coursera solely to cover his tax liability associated with RSU and performance-based RSU vesting on August 15, 2025.

How many Coursera (COUR) shares does Alan B. Cardenas hold after the tax withholding?
Following the tax-withholding dispositions, Alan B. Cardenas directly holds 283,157 shares of Coursera common stock. This figure reflects his post-transaction ownership position after the company withheld 10,211 shares to satisfy tax obligations on vesting stock units.

At what price were Alan B. Cardenas’s Coursera (COUR) shares valued for tax withholding?
The withheld Coursera shares were valued at $11.91 per share for the tax-withholding transactions. This price applied to both the 9,794 shares related to restricted stock units and the 417 shares related to performance-based restricted stock units on August 15, 2025.

What types of equity awards caused the Coursera (COUR) tax-withholding for Alan B. Cardenas?
The tax-withholding dispositions arose from vesting of restricted stock units and performance-based restricted stock units. Coursera withheld a total of 10,211 common shares from Alan B. Cardenas on August 15, 2025 to cover the resulting tax liability from these awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
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 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.
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.

Source: View Original Filing on SEC EDGAR