Coursera Board authorizes $500M share repurchase program

Coursera, Inc.

Repurchase authorization up to $500M of common stock, no expiration date.
Funding from existing cash balances and operating cash flow.
Repurchases may be made via open market or Rule 10b5-1 trading plans.
Program reflects leadership confidence after recent combination with Udemy, Inc.
Company not obligated to repurchase any specific amount; program may be modified or suspended.

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