Coursera Board Adopts Limited-Duration Stockholder Rights Plan To Protect Interests Of All Company Stockholders And Stakeholders; Rights Plan Is Effective Immediately And Will Expire In One Year

Board of Directors Takes Action to Protect Long-Term Value for All Stockholders and Other Stakeholders in Response to a Recent Third-Party Share Accumulation

Coursera, Inc. (NYSE:COUR) (the "Company") today announced that its Board of Directors (the "Board") unanimously adopted a limited-duration stockholder rights plan (the "Rights Plan") to protect the interests of all Company stockholders and stakeholders. The Rights Plan is effective immediately and will expire in one year.

The Rights Plan was adopted in response to the accumulation of the Company’s common stock in recent days by a stockholder that, according to its most recent public filings, currently owns approximately 14.7% of the Company’s common stock.

The Rights Plan is intended to enable Coursera’s stockholders to realize the long-term value of their investment, to guard against tactics to gain a controlling stake in the Company without paying all stockholders an appropriate premium for that control, and to protect the Company and its stakeholders from a third party acquiring creeping control in the open market.