Greenoaks Capital Partners Llc - Nov 11, 2022 Form 4 Insider Report for Coupang, Inc. (CPNG)

Role
Director, Other*
Signature
Greenoaks Capital Partners LLC, \By: /s/ Neil Mehta, Managing Director
Stock symbol
CPNG
Transactions as of
Nov 11, 2022
Transactions value $
-$34,219,000
Form type
4
Date filed
11/15/2022, 08:53 PM
Previous filing
Mar 21, 2022
Next filing
Dec 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPNG Class A Common Stock Other -30.1M -29.21% 72.9M Nov 11, 2022 See footnotes F1, F2, F3
transaction CPNG Class A Common Stock Sale -$22.7M -1.25M -1.72% $18.14 71.6M Nov 14, 2022 See footnotes F2, F3
transaction CPNG Class A Common Stock Sale -$11.5M -600K -0.84% $19.24 71M Nov 15, 2022 See footnotes F2, F3
holding CPNG Class A Common Stock 30.6K Nov 11, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents an in-kind distribution by certain funds and accounts to which Greenoaks Capital Partners LLC ("Greenoaks Capital") serves as the investment adviser.
F2 The securities reported herein are held by certain funds and accounts to which Greenoaks Capital serves as the investment adviser and related persons or entities, including the Reporting Persons, certain estate planning vehicles, and by Greenoaks Capital Management LLC. Neil Mehta ("Mr. Mehta") and Benjamin Peretz ("Mr. Peretz") serve as Managing Directors of Greenoaks Capital. Mr. Mehta is a director of the Issuer.
F3 Each Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F4 Represents the grant of Restricted Stock Units ("RSUs") to Mr. Mehta for his service on the board of the Issuer. 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 June 16, 2022 or (ii) June 16, 2023.

Remarks:

Greenoaks Capital may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Mehta currently serves on the board of directors of the Issuer.