Neil Mehta - Mar 14, 2024 Form 4 Insider Report for Coupang, Inc. (CPNG)

Role
Director
Signature
/s/ Neil Mehta
Stock symbol
CPNG
Transactions as of
Mar 14, 2024
Transactions value $
-$29,894,831
Form type
4
Date filed
3/18/2024, 09:32 PM
Previous filing
Mar 6, 2024
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPNG Class A Common Stock Sale -$18.6M -1M -2.02% $18.60 48.6M Mar 14, 2024 See footnotes F1, F2, F3, F4
transaction CPNG Class A Common Stock Sale -$10.1M -540K -1.11% $18.75 48.1M Mar 14, 2024 See footnotes F3, F4, F5
transaction CPNG Class A Common Stock Sale -$1.16M -59.7K -0.12% $19.52 48M Mar 14, 2024 See footnotes F3, F4, F6
holding CPNG Class A Common Stock 51.4K Mar 14, 2024 Direct F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.57 to $18.685, inclusive. The Reporting Persons undertake 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 herein.
F2 Neil Mehta ("Mr. Mehta") serves as a Managing Director of Greenoaks Capital Partners LLC ("Greenoaks Capital"). Mr. Mehta is a director of the Issuer. The number of shares of Class A Common Stock beneficially owned following the reported transaction no longer includes certain shares of Class A Common Stock that were attributable to certain estate planning vehicles to which Mr. Mehta formerly served as trustee. The shares of Class A Common Stock were not disposed of in a sale transaction. The Reporting Persons disclaim any pecuniary interest in such shares of Class A Common Stock.
F3 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 and certain estate planning vehicles.
F4 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.37 to $19.36, inclusive. The Reporting Persons undertake 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 herein.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.38 to $19.67, inclusive. The Reporting Persons undertake 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 herein.
F7 Represents vested and unvested restricted stock units held by Mr. Mehta for his service on the board of the Issuer.

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.