COUR · Coursera, Inc. · Insider Trading

This Form 4 is filed jointly by Pale Fire Capital SE ("Pale Fire Capital"), Pale Fire Capital SICAV a.s. ("PFC SICAV"), Pale Fire Capital investicni spolecnost a.s. ("PFC IS"), Dusan Senkypl and Jan Barta (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock, $0.00001 par value per share. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

Represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.5759 to $4.6268, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased in each transaction.

Represents securities directly owned by PFC SICAV. PFC IS, as the investment manager of PFC SICAV, may be deemed to beneficially own the securities directly owned by PFC SICAV. Pale Fire Capital, as the controlling person and sole shareholder of each of PFC SICAV and PFC IS, may be deemed to beneficially own the securities beneficially owned directly by PFC SICAV. Mr. Senkypl, as a control person and Chairman of the board of Pale Fire Capital, may be deemed to beneficially own the securities beneficially owned directly by PFC SICAV. Mr. Barta, as a control person and Chairman of the supervisory board of Pale Fire Capital and Chief Investment Officer of PFC IS, may be deemed to beneficially own the securities beneficially owned directly by PFC SICAV.

This Form 4 is filed jointly by Pale Fire Capital SE ("Pale Fire Capital"), Pale Fire Capital SICAV a.s. ("PFC SICAV"), Pale Fire Capital investicni spolecnost a.s. ("PFC IS"), Dusan Senkypl and Jan Barta (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock, $0.00001 par value per share. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.

Represents securities directly owned by PFC SICAV. PFC IS, as the investment manager of PFC SICAV, may be deemed to beneficially own the securities directly owned by PFC SICAV. Pale Fire Capital, as the controlling person and sole shareholder of each of PFC SICAV and PFC IS, may be deemed to beneficially own the securities beneficially owned directly by PFC SICAV. Mr. Senkypl, as a control person and Chairman of the board of Pale Fire Capital, may be deemed to beneficially own the securities beneficially owned directly by PFC SICAV. Mr. Barta, as a control person and Chairman of the supervisory board of Pale Fire Capital and Chief Investment Officer of PFC IS, may be deemed to beneficially own the securities beneficially owned directly by PFC SICAV.

Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.

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, 2026 and does not represent a sale by the reporting person.

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, 2026 and does not represent a sale by the reporting person.

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, 2026 and does not represent a sale by the reporting person.

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, 2026 and does not represent a sale by the reporting person.

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, 2026 and does not represent a sale by the reporting person.

Represents restricted stock units (RSUs) automatically granted the day after the issuer's 2026 Annual Meeting of Stockholders. The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of June 11, 2027 and the issuer's 2027 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

Represents restricted stock units (RSUs) automatically granted the day after the issuer's 2026 Annual Meeting of Stockholders. The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of June 11, 2027 and the issuer's 2027 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

Represents restricted stock units (RSUs) automatically granted the day after the issuer's 2026 Annual Meeting of Stockholders. The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of June 11, 2027 and the issuer's 2027 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

Represents restricted stock units (RSUs) automatically granted the day after the issuer's 2026 Annual Meeting of Stockholders. The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of June 11, 2027 and the issuer's 2027 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

Represents restricted stock units (RSUs) automatically granted the day after the issuer's 2026 Annual Meeting of Stockholders. The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of June 11, 2027 and the issuer's 2027 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

Represents restricted stock units (RSUs) automatically granted the day after the issuer's 2026 Annual Meeting of Stockholders. The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of June 11, 2027 and the issuer's 2027 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

Represents restricted stock units (RSUs) automatically granted the day after the issuer's 2026 Annual Meeting of Stockholders. The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of June 11, 2027 and the issuer's 2027 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

Represents restricted stock units (RSUs) automatically granted the day after the issuer's 2026 Annual Meeting of Stockholders. The RSUs will fully vest and convert into shares of the issuer's common stock on the earlier of June 11, 2027 and the issuer's 2027 annual meeting of stockholders, subject to continuous service with the issuer through the applicable vesting date.

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

See Exhibit 99.1

Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.

See Exhibit 99.1

See Exhibit 99.1

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 May 15, 2026 and does not represent a sale by the reporting person.

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 May 15, 2026 and does not represent a sale by the reporting person.

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 May 15, 2026 and does not represent a sale by the reporting person.

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 May 15, 2026 and does not represent a sale by the reporting person.

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 May 15, 2026 and does not represent a sale by the reporting person.

Shares issuable upon settlement of a restricted stock unit ("RSU") award, with the RSUs subject to the award vesting in four substantially equal quarterly installments beginning May 15, 2026, subject to the reporting person's continued service with the issuer through the applicable vesting dates.

Shares issuable upon settlement of a restricted stock unit ("RSU") award, with the RSUs subject to the award vesting in four substantially equal quarterly installments beginning May 15, 2026, subject to the reporting person's continued service with the issuer through the applicable vesting dates.

Shares issuable upon settlement of a restricted stock unit ("RSU") award, with 25% of the RSUs subject to the award vesting on February 15, 2027, and 75% of the RSUs subject to the award vesting in twelve substantially equal quarterly installments thereafter, subject to the reporting person's continued service with the issuer through the applicable vesting dates.

Represents shares of common stock earned by the reporting person under a performance-based restricted stock unit ("PSU") award granted on March 20, 2025, subject to performance- and service-based vesting conditions. On February 23, 2026, the performance condition was achieved, resulting in 41,498 PSUs being earned by the reporting person. The service condition for the first tranche was also met, causing 25% of such PSUs to vest and shares to be released on February 23, 2026. The remaining PSUs are subject only to a service condition and will vest in 12 quarterly installments commencing on May 15, 2026, subject to the reporting person's continued service with the issuer through each vesting date.

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 February 23, 2026 and does not represent a sale by the reporting person.

Represents shares of common stock earned by the reporting person under a performance-based restricted stock unit ("PSU") award granted on March 20, 2025, subject to performance- and service-based vesting conditions. On February 23, 2026, the performance condition was achieved, resulting in 41,498 PSUs being earned by the reporting person. The service condition for the first tranche was also met, causing 25% of such PSUs to vest and shares to be released on February 23, 2026. The remaining PSUs are subject only to a service condition and will vest in 12 quarterly installments commencing on May 15, 2026, subject to the reporting person's continued service with the issuer through each vesting date.

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 February 23, 2026 and does not represent a sale by the reporting person.

Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.

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 February 15, 2026 and does not represent a sale by the reporting person.

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 February 15, 2026 and does represent a sale by the reporting person.

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 February 15, 2026 and does not represent a sale by the reporting person.

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 February 15, 2026 and does not represent a sale by the reporting person.

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 February 3, 2026 and does not represent a sale by the reporting person.

Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2025.

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 November 15, 2025 and does not represent a sale by the reporting person.

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 November 15, 2025 and does not represent a sale by the reporting person.

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 November 15, 2025 and does not represent a sale by the reporting person.