Caledonia discloses 7.24% Coursera (COUR) ownership position

Rhea-AI Filing Summary

Coursera, Inc. received an amended Schedule 13G/A from investment firms Caledonia (Private) Investments Pty Limited and Caledonia US, LP reporting a significant passive ownership position. The Caledonia entities report beneficial ownership of 12,052,670 shares of Coursera common stock, representing 7.24% of the class as of the event date 12/31/2025.

The filing shows no sole voting or dispositive power, with all voting and dispositive authority over these shares held on a shared basis. The investors certify the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Coursera. This amendment updates their large, passive institutional stake.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Coursera, Inc.

(Name of Issuer)

Common Stock, $0.00001 par value per share

(Title of Class of Securities)

22266M104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 22266M104

1

Names of Reporting Persons

Caledonia (Private) Investments Pty Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

AUSTRALIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,052,670.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,052,670.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,052,670.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.24 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 22266M104

1

Names of Reporting Persons

Caledonia US, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,052,670.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 12,052,670.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,052,670.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.24 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Coursera, Inc.
(b)	Address of issuer's principal executive offices: 2440 WEST EL CAMINO REAL, MOUNTAIN VIEW, CA, 94040
Item 2.
(a)	Name of person filing: Caledonia (Private) Investments Pty Limited Caledonia US, LP
(b)	Address or principal business office or, if none, residence: Caledonia (Private) Investments Pty Limited: Level 10, 131 Macquarie Street Sydney, NSW, 2000, Australia Caledonia US, LP 27th Floor, 1133 Avenue of the Americas New York, NY,10036
(c)	Citizenship: Caledonia (Private) Investments Pty Limited - Australia Caledonia US, LP - Delaware
(d)	Title of class of securities: Common Stock, $0.00001 par value per share
(e)	CUSIP No.: 22266M104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 12,052,670
(b)	Percent of class: 7.24%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 12,052,670
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 12,052,670
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Caledonia (Private) Investments Pty Limited

Signature:	/s/ Matthew Moses
Name/Title:	Matthew Moses, General Counsel
Date:	02/17/2026

Caledonia US, LP

Signature:	/s/ Matthew Moses
Name/Title:	Matthew Moses, General Counsel
Date:	02/17/2026

Exhibit Information

Exhibit I JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G/A, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G/A, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Dated: Feb 17th, 2026 Caledonia (Private) Investments Pty Limited By: /s/ Matthew Moses Matthew Moses, General Counsel Caledonia US, LP By: /s/ Matthew Moses Matthew Moses, General Counsel

FAQ

How many Coursera (COUR) shares does Caledonia report owning?

Caledonia reports beneficial ownership of 12,052,670 Coursera common shares. This stake represents a sizable position in the company and reflects holdings reported jointly by Caledonia (Private) Investments Pty Limited and Caledonia US, LP on an amended Schedule 13G/A.

What percentage of Coursera (COUR) does Caledonia’s 13G/A filing represent?

Caledonia’s amended Schedule 13G/A shows beneficial ownership of 7.24% of Coursera’s common stock. This level of ownership makes Caledonia a significant institutional holder while still under typical 10% thresholds associated with certain additional regulatory requirements.

Does Caledonia have sole or shared voting power over Coursera (COUR) shares?

The filing states Caledonia has 0 shares with sole voting power and 12,052,670 shares with shared voting power. Dispositive power follows the same pattern, indicating all reported Coursera shares are controlled on a shared, rather than individual, basis.

Is Caledonia’s Coursera (COUR) stake reported as passive or active?

Caledonia certifies the Coursera shares were acquired and are held in the ordinary course of business and not to change or influence control. This language aligns with a passive investment stance typical for Schedule 13G rather than an activist Schedule 13D.

Which Caledonia entities are listed in the Coursera (COUR) 13G/A filing?

The filing names Caledonia (Private) Investments Pty Limited, organized in Australia, and Caledonia US, LP, organized in Delaware. Both entities jointly report the same 12,052,670 Coursera common shares with shared voting and dispositive power.

What is the event date for Caledonia’s Coursera (COUR) ownership report?

The Schedule 13G/A lists 12/31/2025 as the date of the event requiring the filing. This means the 7.24% beneficial ownership position in Coursera common stock is reported as of that year-end reference date for regulatory disclosure purposes.