4//SEC Filing
Kim Bom 4
Accession 0000950170-24-126547
CIK 0001834584other
Filed
Nov 12, 7:00 PM ET
Accepted
Nov 13, 6:16 PM ET
Size
20.0 KB
Accession
0000950170-24-126547
Insider Transaction Report
Form 4
Coupang, Inc.CPNG
Kim Bom Suk
DirectorCEO and Chairman10% Owner
Transactions
- Sale
Class A Common Stock
2024-11-11$22.97/sh−15,000,000$344,550,000→ 2,000,000 total - Conversion
Class B Common Stock
2024-11-11−17,000,000→ 157,802,990 total→ Class A Common Stock (17,000,000 underlying) - Gift
Class A Common Stock
2024-11-11−2,000,000→ 0 total - Conversion
Class A Common Stock
2024-11-11+17,000,000→ 17,000,000 total
Footnotes (4)
- [F1]Each share of Class B Common Stock was converted into one share of Class A Common Stock at the option of the Reporting Person as the Issuer's Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock upon the option of the holder and has no expiration date. Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act.
- [F2]Each of these shares of Class A Common Stock was converted from Class B Common Stock at the option of the Reporting Person as the Issuer's Class B Common Stock is convertible into one share of the Issuer's Class A Common Stock upon the option of the holder and has no expiration date. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-6(b) promulgated under the Act.
- [F3]This sale was a block sale facilitated by a large financial institution and was affected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2024, which was entered into to satisfy significant financial requirements, including tax obligations.
- [F4]Represents shares of the Issuer's Class A Common Stock that the Reporting Person donated as a bona fide gift with no payment in consideration to a fund for charitable donations. Following the donation, the Reporting Person will not have a pecuniary interest in the gifted shares of Class A Common Stock. Transaction exempt from Section 16(b) of the Act pursuant to Rule 16b-5 promulgated under the Act.
Documents
Issuer
Coupang, Inc.
CIK 0001834584
Entity typeother
Related Parties
1- filerCIK 0001849152
Filing Metadata
- Form type
- 4
- Filed
- Nov 12, 7:00 PM ET
- Accepted
- Nov 13, 6:16 PM ET
- Size
- 20.0 KB