Coupang Inc SEC Filings

Lee Jonathan D. reported acquisition or exercise transactions in this Form 4 filing.

Coupang, Inc. reported that Chief Accounting Officer Jonathan D. Lee received equity awards in the form of restricted stock units (RSUs) for its Class A common stock. On April 1, 2026, he was granted 18,157 RSUs and a separate grant of 47,181 RSUs as compensation.

The 18,157 RSUs will vest in four installments: 4,540 units on July 1, 2026, 4,539 units on October 1, 2026, 4,539 units on January 1, 2027, and 4,539 units on April 1, 2027, subject to his continued service. The 47,181 RSUs will vest in four later tranches from July 1, 2027 through April 1, 2028. After these grants, Lee directly holds 187,434 shares of Class A common stock.

Sun Benjamin reported acquisition or exercise transactions in this Form 4 filing.

Coupang, Inc. director Benjamin Sun reported receiving a grant of 706 restricted stock units of Class A common stock for partial year service as the company’s Compensation Committee Chair under its non-employee director compensation policy. Each RSU represents one share upon settlement.

The RSUs vest on the earlier of the next annual stockholder meeting or June 12, 2026, subject to his continued service. After this grant, Sun directly holds 318,870 Class A shares and has additional indirect holdings through Sun Brothers II LLC, LaunchTime LLC, and Sun Brothers LLC. The filing also notes forfeiture of 189 unvested RSUs and a 377-share increase tied to correction of a prior reporting error in which he had no pecuniary interest.

Coupang, Inc. director Jason Child received a grant of 1,147 restricted stock units (RSUs) of Class A Common Stock for partial year service as Lead Independent Director and as a member of the Nominating and Corporate Governance Committee. Each RSU converts into one share, vesting by the next annual stockholder meeting or June 12, 2026, with total direct holdings reported at 77,540 shares after the grant.

Coupang, Inc. director Neil Mehta reported significant insider buying through investment vehicles associated with him. On March 11–13, 2026, funds and accounts advised by Greenoaks Capital Partners LLC, where he is a managing partner, made three open-market purchases of Class A common shares.

These indirect purchases totaled 7,350,104 shares at weighted average prices of about $18.40–$18.68 per share, with detailed price ranges provided in the footnotes. After these transactions, entities linked to Mehta held 55,310,977 Coupang shares indirectly, while he also held 78,773 shares directly, including unvested RSUs adjusted for 1,318 forfeited units. Mehta disclaims beneficial ownership of the indirect holdings except to the extent of his pecuniary interest.

Coupang, Inc. filed its annual report describing its global e-commerce, delivery, streaming, and fintech operations and the key risks facing the business. The company reports a non-affiliate equity value of about $33.6 billion as of June 30, 2025 and had roughly 1.83 billion Class A and B shares outstanding as of February 19, 2026.

Coupang operates through two segments, Product Commerce and Developing Offerings, serves customers in over 190 countries and territories, and directly employs about 108,000 people, mainly in Korea. The filing notes a history of significant net losses before 2023 and an accumulated deficit of $4.0 billion as of December 31, 2025, even as the company has recently turned profitable and continues to prioritize long-term growth investments.

A major focus is risk disclosure, including intense competition, regulatory scrutiny, and heavy dependence on its fulfillment and logistics network. Coupang details a November 2025 data incident where a former employee accessed information for about 33 million customer accounts, leading to government investigations, litigation, and a customer program to issue roughly $1.2 billion in shopping vouchers starting in January 2026, which will reduce future reported revenue as vouchers are redeemed.

Coupang reported solid 2025 growth but weaker late‑year profitability and a significant data incident. Fourth quarter 2025 net revenues reached $8.8 billion, up 11% year over year, while gross profit rose 2% to $2.5 billion and gross margin fell to 28.8%. Operating income dropped to $8 million, and Coupang posted a net loss of $26 million in the quarter, with Adjusted EBITDA down to $267 million and free cash flow at -$278 million.

For full year 2025, total net revenues grew 14% to $34.5 billion and gross profit increased 15% to $10.1 billion, with margin improving slightly to 29.4%. Net income rose to $214 million and Adjusted EBITDA to $1.5 billion, though free cash flow declined to $527 million. The core Product Commerce segment delivered $29.6 billion of revenue and $2.5 billion of segment Adjusted EBITDA, while Developing Offerings revenue climbed to $4.9 billion but Adjusted EBITDA loss widened to $995 million. During Q4 2025 a former employee–related data incident affected data from over 33 million user accounts; the company reports no confirmed misuse so far and says growth impacts are stabilizing in early 2026.

Coupang, Inc.’s Chief Financial Officer Gaurav Anand reported an acquisition of 190,738 shares of Class A common stock on February 11, 2026. These shares were earned under performance-based restricted stock units granted on April 1, 2025 as part of his compensation package.

The performance-based restricted stock units are scheduled to vest in two equal installments on July 1, 2026 and October 1, 2026, contingent on his continued service. After this transaction, he beneficially owns 2,132,328 Class A shares directly, plus 150,000 shares held indirectly through the Gaurav Anand 2021 Trust.

Coupang, Inc. executive Harold Rogers reported equity awards of Class A common stock. On February 11, 2026, he acquired 21,672 shares and 247,916 shares of Class A common stock at a price of $0 per share, both coded as grants or other acquisitions.

The smaller block relates to performance-based restricted stock units granted on March 29, 2022, which are scheduled to vest on March 1, 2026, subject to his continued service. The larger block relates to performance-based restricted stock units granted on April 1, 2025, scheduled to vest in four equal quarterly installments starting on July 1, 2026, also conditioned on continued service. Following these transactions, Rogers directly beneficially owned 719,157 shares of Coupang Class A common stock.

Coupang, Inc. reported a potential future change to its Board of Directors. On January 30, 2026, President Donald J. Trump announced his intent to nominate Coupang director Kevin M. Warsh to serve as Chairman of the Board of Governors of the United States Federal Reserve System, subject to Senate confirmation.

On February 3, 2026, Mr. Warsh informed Coupang that he would resign as a director if he is confirmed by the United States Senate to this Federal Reserve role. The company states that his decision is not due to any disagreement regarding Coupang’s operations, policies, or practices.