Routine C-suite legal transition with no financial or operational implications. Monitor next 10-Q for any material changes in legal strategy or litigation exposure, but no immediate trading catalyst.
How the stock moved after the report
NEUTRAL VIEWSTOCK BELOW ENTRY AT T+20- T+0 · Sep 21 $5.16entry
- T+1 · 6w ago −0.39%α −0.37% · $5.14
- T+5 · 5w ago −10.08%α −9.06% · $4.64
- T+20 · 17d ago −3.10%α −2.19% · $5.00
- T+32 · todayOpen
- T+60 · in 6w Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Coursera announced a planned legal leadership transition: Tom Savage was appointed Chief Legal Officer and Corporate Secretary, effective September 21, 2026, succeeding Alan Cardenas, who is stepping down to focus on family. Cardenas will remain as General Counsel through end of 2026 to ensure a smooth handoff. This is a routine officer change with no financial impact or strategic shift.
Key Facts
- Tom Savage appointed Senior Vice President, Chief Legal Officer and Corporate Secretary effective September 21, 2026
- Alan Cardenas stepping down as officer but remaining as General Counsel through end of 2026
- Savage receives annual base salary of $425,000 and target bonus of 60% of base salary
- Savage granted one-time new hire RSU award valued at $2,450,000 vesting over three years
- Savage previously held senior legal roles at IBM, Red Hat, Marvell Technology, and Wilson Sonsini
- Cardenas departure described as planned transition to focus on family after five years with the company
Financial Impact
New hire equity award of $2,450,000 in RSUs; annual cash compensation of $425,000 base plus up to 60% target bonus. Immaterial relative to Coursera's market cap.
Risk Factors
- No material risks identified from this filing
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-037189 |
| Document: ef20082456_ex99-1.htm | 0001140361-26-037189 |
| Document: 0001140361-26-037189-index-headers.html | 0001140361-26-037189 |
| Document: 0001140361-26-037189-index.html | 0001140361-26-037189 |
| Document: 0001140361-26-037189.txt | 0001140361-26-037189 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 2, 2026 2d ago | 144 | $3.79 | awaiting T+5 | awaiting T+5 | $3.90 (+2.90%) |
Oct 29, 2026 6d ago | 8-K | $3.47 | awaiting T+5 | awaiting T+5 | $3.90 (+12.39%) |
Oct 5, 2026 4w ago | SC 13G/A | $5.18 $5.07 | ▲ +2.12% | ▲ +2.55% | $3.90 (+24.71%) |
Oct 2, 2026 4w ago | Insider Cluster | $5.18 $5.07 | ▼ −2.12% | ▼ −2.55% | $3.90 (−24.71%) |
Sep 29, 2026 5w ago | Insider Buy | $4.96 $5.11 | ▲ +3.02% | ▲ +1.11% | $3.90 (−21.37%) |
Sep 21, 2026 6w ago | 8-K | $5.16 $4.64 | ▼ −10.08% | ▼ −9.06% | $3.90 (−24.42%) |
Aug 9, 2026 12w ago | Institutional Cluster | $5.76 $5.54 | ▼ −3.82% | ▼ −3.77% | $3.90 (−32.29%) |
Jun 11, 2026 20w ago | Institutional Cluster | $5.33 $5.30 | ▼ −0.56% | ▼ −1.00% | $3.90 (−26.83%) |
Jun 1, 2026 22w ago | Insider Cluster | $5.54 $5.34 | ▼ −3.61% | ▼ −0.65% | $3.90 (−29.60%) |
May 20, 2026 24w ago | Insider Cluster | $5.24 $5.39 | ▲ +2.86% | ▲ +1.01% | $3.90 (−25.57%) |
US Market Status
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