Insight Holdings Group Form 3 Filing for Coursera-Udemy Merger Stock Conversion

This Form 3 filing reports the acquisition of Coursera common stock by Insight Holdings Group and related entities following the merger between Coursera and Udemy. The filing is the second of two Forms 3 required because there are more than 10 reporting persons. The transaction occurred on May 11, 2026, when Coursera completed its acquisition of Udemy through a merger agreement dated December 17, 2025. As part of the merger, shares of Udemy common stock held by Insight Partners Public Equities Master Fund, L.P. were converted into Coursera common stock at an exchange ratio of 0.800 Coursera shares per Udemy share. The filing shows that Insight Partners Public Equities Master Fund, L.P. now holds 78,628 shares of Coursera common stock. The Board of Directors approved the transaction for Rule 16b-3 exemption purposes. The filing includes multiple Insight entities as joint filers, all of which are 10% owners of Coursera stock.