Benjamin Sun - 28 Jul 2021 Form 4 Insider Report for Coupang, Inc. (CPNG)

Role
Director
Signature
/s/ Emily Epstein, Attorney-in-Fact
Issuer symbol
CPNG
Transactions as of
28 Jul 2021
Transactions value $
$0
Form type
4
Filing time
30 Jul 2021, 21:39:54 UTC
Next filing
03 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPNG Class A Common Stock Other $0 -951,992 -100% $0* 0 28 Jul 2021 Direct F1
holding CPNG Class A Common Stock 8,620,984 28 Jul 2021 By LaunchTime Alpha Associates LLC F2
holding CPNG Class A Common Stock 7,424,348 28 Jul 2021 By LaunchTime LLC F2, F3
holding CPNG Class A Common Stock 5,425,085 28 Jul 2021 By LaunchTime II LLC F2
holding CPNG Class A Common Stock 1,648,982 28 Jul 2021 By LaunchTime III LLC F2
holding CPNG Class A Common Stock 2,389,130 28 Jul 2021 By LaunchTime IV LLC F2
holding CPNG Class A Common Stock 571,950 28 Jul 2021 By LaunchTime V LLC F2
holding CPNG Class A Common Stock 2,869,421 28 Jul 2021 By Sun Brothers LLC F2
holding CPNG Class A Common Stock 2,389,473 28 Jul 2021 By Sun Brothers II LLC F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transfer of shares to the reporting person's ex-spouse pursuant to a divorce settlement. The securities owned by the ex-spouse are not beneficially owned by the reporting person. The shares remain subject to a lock-up agreement with the underwriters of the issuer's initial public offering.
F2 Benjamin Sun is a Partner at Primary Venture Partners, which is the general partner of each of LaunchTime Alpha Associates LLC ("Alpha Associates"), LaunchTime LLC ("LaunchTime"), LaunchTime II LLC ("LaunchTime II"), LaunchTime III LLC ("LaunchTime III"), LaunchTime IV LLC ("LaunchTime IV"), LaunchTime V LLC (together with Alpha Associates, LaunchTime, LaunchTime II, LaunchTime III and LaunchTime IV, the "LaunchTime Entities"), and each of Sun Brothers LLC ("Sun Brothers") and Sun Brothers II LLC (together with Sun Brothers, the "Sun Brothers Entities").
F3 Reflects 7,764,214 shares of Class A common stock that were issued to LaunchTime on March 15, 2021 as adjusted to take into account the profits interests participation threshold in connection with the issuer's corporate conversion that occurred on March 10, 2021. Such shares were previously reported as 7,774,928 shares of Class A common stock on the reporting person's Form 3, which was filed on March 10, 2021.