Sun Benjamin 4
4 · Coupang, Inc. · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Coupang (CPNG) Director Benjamin Sun Receives RSU Award
What Happened
- Benjamin Sun, a Coupang director, was granted 706 restricted stock units (RSUs) on March 18, 2026, at $0.00 (an award/grant). Each RSU represents a contingent right to one share of Coupang Class A common stock upon settlement. The RSUs will vest on the earlier of the next annual meeting of stockholders or June 12, 2026, subject to Sun’s continued service.
Key Details
- Transaction date and price: 2026-03-18; grant price reported as $0.00 (code A — award/grant).
- Vesting: earlier of next annual meeting or June 12, 2026, contingent on continued service (see footnote F1).
- Forfeiture note: 189 previously unvested RSUs were forfeited for partial-year committee service (footnote F2).
- Reporting correction: an increase of 377 shares was noted due to an inadvertent prior reporting error; the Reporting Person had no pecuniary interest in the distributed shares (footnote F3).
- Relationships: Benjamin Sun is a manager of Sun Brothers II LLC and LaunchTime LLC and sole manager of Ben Sun Family, LLC (footnote F4).
- Shares owned after transaction: total beneficial ownership was not specified in the excerpted Form 4.
- Filing timeliness: Form 4 was filed on 2026-03-20 for a 2026-03-18 transaction — filed within the standard two-business-day window (timely).
Context
- RSU awards are compensation and do not represent an open-market purchase or sale; they only convert into shares upon settlement/vesting and are common for non-employee director pay. The forfeiture and reporting-correction footnotes clarify adjustments to previously reported holdings and do not imply market trading by the director.
Insider Transaction Report
Form 4
Coupang, Inc.CPNG
Sun Benjamin
Director
Transactions
- Award
Class A Common Stock
[F1][F2]2026-03-18+706→ 318,870 total
Holdings
- 1,465,253(indirect: By LLC)
Class A Common Stock
[F3][F4] - 3,941,562(indirect: By LLC)
Class A Common Stock
[F4] - 503,624(indirect: By LLC)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Represents the grant of restricted stock units ("RSUs") for partial year service as the Issuer's Compensation Committee Chair in accordance with the Issuer's Non-Employee Director Compensation Policy. 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 the grant date or (ii) June 12, 2026, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date.
- [F2]Reflects forfeitures of 189 unvested RSUs for partial year service on the Issuer's Nominating and Corporate Governance Committee in accordance with the Issuer's Non-Employee Director Compensation Policy.
- [F3]Reflects an increase of 377 shares resulting from an inadvertent reporting error related to the previously reported distribution of shares by Sun Brothers II LLC to a member of Sun Brothers II LLC other than the Reporting Person. The Reporting Person had no pecuniary interest in the distributed shares.
- [F4]Benjamin Sun is a manager of Sun Brothers II LLC and LaunchTime LLC and the sole manager of Ben Sun Family, LLC, a member of Sun Brothers LLC.
Signature
/s/ Ruby Alexander, Attorney-in-Fact for Benjamin Sun|2026-03-20