Coursera Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
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Item 5. Other Information
Rule 10b5-1 Trading Arrangements
During the three months ended March 31, 2024, the following directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) each adopted a Rule 10b5-1 trading arrangement, as defined in Item 408 of Regulation S-K, for the sale of our common stock. Shares in each Rule 10b5-1 trading arrangement that are subject to restricted stock units (“RSUs”) and stock options may only be traded following satisfaction of applicable vesting requirements. In addition, because of pricing (such as future share price targets) and timing conditions in each Rule 10b5-1 trading arrangement, it is not yet determinable how many shares actually will be sold under each plan prior to its expiration date. The maximum number of shares to be sold under each Rule 10b5-1 trading arrangement is determined as of the date the respective arrangement was adopted.
On February 6, 2024, Kenneth R. Hahn, Senior Vice President, Chief Financial Officer, and Treasurer, entered into a Rule 10b5-1 trading arrangement that provides for the sale of up to (i)686,756 shares subject to the exercise of stock options and 104,167 shares subject to the vesting and exercise of stock options, less any shares sold pursuant to a Rule 10b5-1 trading arrangement entered on February 14, 2023, (ii)34,586 shares of our common stock, and (iii)90,414 shares subject to the vesting of RSUs. This trading arrangement expires on April 30, 2025, or upon the earlier completion of all authorized sales.
On February 7, 2024, Richard J. Jacquet, Jr., Senior Vice President and Chief People Officer, entered into a Rule 10b5-1 trading arrangement that provides for the sale of up to (i)45,341 shares subject to the exercise of stock options, and (ii) the net shares (not yet determinable) after shares are withheld to satisfy tax obligations subject to the vesting of up to 200,170 RSUs. This trading arrangement expires on August 30, 2024, or upon the earlier completion of all authorized sales.
On February 13, 2024, Alan B. Cardenas, Senior Vice President, General Counsel, and Secretary, entered into a Rule 10b5-1 trading arrangement that provides for the sale of up to the net shares (not yet determinable) after shares are withheld to satisfy tax obligations subject to the vesting of up to 79,649 RSUs. This trading arrangement expires on May 30, 2025, or upon the earlier completion of all authorized sales.
On February 16, 2024, Jeffrey N. Maggioncalda, President, Chief Executive Officer, and Director, entered into a Rule 10b5-1 trading arrangement that provides for the sale of up to (i)179,061 shares subject to the exercise of stock options, (ii)149,649 shares of our common stock, (iii)156,617 shares subject to the vesting of RSUs, and (iv)1,389,673 shares subject to the exercise of stock options held by Anne Maggioncalda, Mr. Maggioncalda's spouse. This trading arrangement expires on April 30, 2025, or upon the earlier completion of all authorized sales.
On March 1, 2024, Michele M. Meyers, Vice President, Accounting and Chief Accounting Officer, entered into a Rule 10b5-1 trading arrangement that provides for the sale of up to 20,250 shares of our common stock. This trading arrangement expires on February 28, 2025, or upon the earlier completion of all authorized sales.
These Rule 10b5-1 trading arrangements were entered into in writing during an open trading window and are intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended, and our policies regarding transactions in our securities.
During the three months ended March 31, 2024, no other directors or officers adopted, modified, orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement”, as defined in Item 408 of Regulation S-K.
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