Sun Benjamin 4
Research Summary
AI-generated summary
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.