Form 4: SVF/ SBIA UK Disposes 20,000,000 CPNG Shares at $28

Rhea-AI Filing Summary

SVF Investments (UK) Ltd and SB Investment Advisers (UK) Ltd filed a Form 4 disclosing a sale of Class A common stock of Coupang, Inc. (CPNG). On 08/20/2025 a transaction coded "S" shows 20,000,000 shares were disposed of at $28.00 per share. After the reported sale, the filing reports 289,542,259 shares beneficially owned, held indirectly through SVF Investments. The filing notes SBIA UK serves as the alternative investment fund manager and is responsible for decisions regarding SVF Investments. Forms are signed and dated 08/22/2025.

Positive

• Timely and specific disclosure of the sale including date, number of shares, and price
• Clear identification of the AIFM relationship explaining indirect ownership reporting
• Signed filings dated 08/22/2025 indicating authorized execution

Negative

• Large disposition of 20,000,000 Class A shares which is material in size
• No stated purpose for the sale or indication whether it was under a trading plan

Insights

Securities Analyst

TL;DR: A large block sale of 20,000,000 CPNG shares at $28 is disclosed; substantial indirect ownership remains.

The report documents a public disposition of 20,000,000 Class A shares on 08/20/2025 at $28 per share by SVF Investments (UK) Ltd, with beneficial ownership after the sale of 289,542,259 shares held indirectly. This is a clear, routine Section 16 disclosure showing insider/affiliate selling activity. The filing clarifies managerial control via SB Investment Advisers (UK) Ltd as AIFM, which explains the indirect ownership reporting. For investors, the key facts are the sale size, price, and remaining indirect stake; the filing contains no additional context such as purpose of sale or trading plan.

Corporate Governance Expert

TL;DR: Disclosure is compliant and signed; AIFM relationship is explicitly stated, supporting correct indirect reporting.

The Form 4 identifies SVF Investments (UK) Ltd as the record holder and SB Investment Advisers (UK) Ltd as the appointed alternative investment fund manager, which is responsible for investment decisions. The filing is signed by an authorized officer and dated 08/22/2025, meeting formal signature requirements. The statement of the AIFM role explains the nature of indirect beneficial ownership reported. The document does not provide reasons for the sale or whether it was part of a pre-established plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SVF Investments (UK) Ltd

(Last) (First) (Middle)

69 GROSVENOR STREET,

(Street)

LONDON, X0 W1K 3JP

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Coupang, Inc. [ CPNG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/20/2025		S		20,000,000	D	$28	289,542,259	I	See footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

SVF Investments (UK) Ltd

(Last) (First) (Middle)

69 GROSVENOR STREET,

(Street)

LONDON, X0 W1K 3JP

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

SB INVESTMENT ADVISERS (UK) LTD

(Last) (First) (Middle)

69 GROSVENOR STREET,

(Street)

LONDON, X0 W1K 3JP

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The securities reported herein are held of record by SVF Investments (UK) Limited ("SVF Investments"). SB Investment Advisers (UK) Limited ("SBIA UK") has been appointed as alternative investment fund manager ("AIFM") of SVF Investments, is exclusively responsible for managing SVF Investments in accordance with the Alternative Investment Fund Managers Directive, and is authorized and regulated by the UK Financial Conduct Authority accordingly. As AIFM of SVF Investments, SBIA UK is exclusively responsible for making all decisions related to the acquisition, structuring, financing, and disposal of the investments held by SVF Investments.

	SVF Investments (UK) Ltd, By: SB Investment Advisers (UK) Limited, its manager, By: /s/ Amanda Sanchez-Barry, General Counsel	08/22/2025
	SB Investment Advisers (UK) Limited, By: /s/ Amanda Sanchez-Barry, General Counsel	08/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What transaction did SVF Investments disclose for Coupang (CPNG)?

The filing reports a sale of 20,000,000 Class A shares on 08/20/2025 at $28.00 per share.

How many Coupang shares does SVF Investments beneficially own after the sale?

The Form 4 reports 289,542,259 shares beneficially owned following the reported transaction, held indirectly.

Who is responsible for managing SVF Investments' holdings in Coupang?

SB Investment Advisers (UK) Ltd is identified as the alternative investment fund manager (AIFM) responsible for investment decisions.

When was the Form 4 signed?

The filing shows signatures dated 08/22/2025 by authorized representatives.

Does the filing state why the shares were sold?

No. The Form 4 discloses the sale details but does not provide a reason or indicate if it was part of a trading plan.