Benjamin Sun - 13 Jun 2024 Form 4 Insider Report for Coupang, Inc. (CPNG)

Role
Director
Signature
/s/ James Roe, Attorney-in-Fact
Issuer symbol
CPNG
Transactions as of
13 Jun 2024
Transactions value $
-$14,441,000
Form type
4
Filing time
17 Jun 2024, 20:33:35 UTC
Previous filing
20 Jun 2023
Next filing
27 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPNG Class A Common Stock Award $0 +15,207 +4.72% $0 337,375 13 Jun 2024 Direct F1
transaction CPNG Class A Common Stock Gift $0 -30,000 -8.89% $0 307,375 17 Jun 2024 Direct
transaction CPNG Class A Common Stock Sale -$14,441,000 -700,000 -24.4% $20.63 2,169,421 17 Jun 2024 By Sun Brothers LLC F2, F3
holding CPNG Class A Common Stock 2,239,473 13 Jun 2024 By Sun Brothers II LLC F3
holding CPNG Class A Common Stock 3,941,562 13 Jun 2024 By LaunchTime LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of Restricted Stock Units (RSUs). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. The RSUs will vest on the earlier of (i) the date of the next annual meeting of stockholders of the Issuer following June 13, 2024 or (ii) June 13, 2025, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
F2 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $20.50 to $20.85 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Benjamin Sun is a Partner at Primary Venture Partners, which is the general partner of LaunchTime LLC and each of Sun Brothers LLC and Sun Brothers II LLC.