Michael Parker - 16 May 2022 Form 4 Insider Report for Coupang, Inc. (CPNG)

Role
Chief Accounting Officer
Signature
/s/ James Roe, Attorney-in-Fact
Issuer symbol
CPNG
Transactions as of
16 May 2022
Net transactions value
-$802,530
Form type
4
Filing time
18 May 2022, 16:25:31 UTC
Previous filing
31 Mar 2022
Next filing
24 May 2022
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 Options Exercise $145,053 +72,891 +189% $1.99* 111,466 16 May 2022 Direct F1
transaction CPNG Class A Common Stock Sale $947,583 -72,891 -65% $13.00 38,575 16 May 2022 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CPNG Stock Option (right to buy) Options Exercise $0 -72,891 -27% $0.000000 195,109 16 May 2022 Class A Common Stock 72,891 $1.99 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 38,575 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 in four equal quarterly installments commencing on April 1, 2023, subject to continued service through each vesting date.
F2 The sales reported on this Form 4 were effected to satisfy certain tax obligations of the Reporting Person.
F3 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $12.77 to $13.24 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.
F4 35% of the shares subject to the stock option vested as of January 1, 2021, 5% vested on April 1, 2021, and 7.5% vest on each quarterly anniversary thereafter.