Hart Gregory M. 4
4 · Coursera, Inc. · Filed Feb 5, 2025
Insider Transaction Report
Form 4
Coursera, Inc.COUR
Hart Gregory M.
DirectorPresident & CEO
Transactions
- Award
Common Stock
2025-02-03+1,873,171→ 1,873,171 total - Award
Stock Option (right to buy)
2025-02-03+3,746,342→ 3,746,342 totalExercise: $7.81Exp: 2035-02-03→ Common Stock (0 underlying) - Award
Performance-based Stock Option (right to buy)
2025-02-03+1,404,879→ 1,404,879 totalExercise: $7.81Exp: 2035-02-03→ Common Stock (0 underlying)
Footnotes (4)
- [F1]Reflects restricted stock units (RSUs) and stock options granted upon the appointment of the reporting person as the new President and Chief Executive Officer of the issuer.
- [F2]Shares issuable upon settlement of a restricted stock unit award, with 25% of the RSUs subject to the award vesting on February 3, 2026, 6.25% of the RSUs subject to the award vesting on February 15, 2026, and 68.75% of the RSUs subject to the award vesting in 11 equal quarterly installments thereafter, subject to the reporting person's continued service with the issuer through the applicable vesting dates.
- [F3]Option vests over four years, with 25% of the shares subject to the option vesting on February 3, 2026 and 75% of the shares subject to the option vesting in 12 equal quarterly installments thereafter, subject to the reporting person's continued service with the issuer through the applicable vesting dates.
- [F4]Option vests upon satisfaction of both service- and market-based vesting conditions. The market-based vesting condition is satisfied when the trailing simple moving average closing price of the issuer's common stock over a 60-trading day period equals or exceeds 150% of the Base Stock Price, which is defined in the applicable option agreement as the 30-trading day trailing simple moving average closing price of the issuer's common stock ended on February 3, 2025. Under the service-based vesting condition, the option vests over four years with 25% of the shares subject to the option vesting on February 3, 2026, and 75% of the shares subject to the option vesting in 12 equal quarterly installments thereafter, subject to the reporting person's continued service with the issuer through the applicable vesting dates.