Coursera adopts rights plan with 15 percent trigger

Coursera's board has adopted a shareholder rights plan dated November 8, declaring one preferred share purchase right for each common share held on November 19, with a 15 percent ownership trigger.

Why it matters: A rights plan is a takeover defence: any investor who crosses 15 percent without board approval faces heavy dilution, a step boards usually take when they see an unwanted accumulation building.

Data as of Coursera Form 8-K filed November 9, 2026 (accession 0001140361-26-042621); the Rights Agreement at Exhibit 4.1 was read from the filing itself in this run. The agreement names no acquirer or bidder. Developing item.

Coursera’s board has adopted a shareholder rights plan, the online education company disclosed in a Form 8-K filed on November 9. Under the Rights Agreement dated November 8, 2026, the board declared one preferred share purchase right for each common share outstanding at the close of business on November 19, and any person or group that becomes the beneficial owner of 15 percent or more of the common shares becomes an acquiring person, triggering the plan’s flip-in rights for every other holder.

The structure is the standard poison pill: once the trigger is crossed, holders other than the acquirer can buy shares at a deep discount, diluting the acquirer’s stake. The agreement names no specific investor or bidder, and the company gave no reason for the adoption in the exhibit filed.

Coursera adopts rights plan with 15 percent trigger

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