Institutional Investors Disclose 18.7% of Coupang Class A

Rhea-AI Filing Summary

Coupang, Inc. institutional investors SVF Investments (UK) Limited and SB Investment Advisers (UK) Limited report shared beneficial ownership of 309,542,259 Class A shares, equal to 18.7% of the outstanding Class A stock based on 1,657,810,034 shares disclosed in the issuer's quarterly report. SVF Investments (UK) Limited is the record holder of the reported shares and SBIA UK has been appointed as its alternative investment fund manager and is exclusively responsible for making investment decisions for SVF Investments.

The reporting persons state shared voting power and shared dispositive power over the 309,542,259 shares and report no sole voting or sole dispositive power. A joint filing agreement is referenced as Exhibit 99.

Positive

• Transparent disclosure of a material ownership position: 309,542,259 shares representing 18.7% of Class A stock.
• Clarifies decision-making by stating SBIA UK is the appointed alternative investment fund manager for SVF Investments (UK) Limited.

Negative

• No sole voting or dispositive power reported; the reporting persons state only shared voting and dispositive authority over the position.
• Concentration disclosed—18.7% ownership is large relative to the class and may affect shareholder dynamics (fact reported in filing).

Insights

Financial Analyst

TL;DR: A material 18.7% Class A stake is disclosed; SVF is record holder and SBIA UK acts as AIFM with shared voting and dispositive authority.

The Schedule 13G amendment reports 309,542,259 Class A shares representing 18.7% of the class, using an outstanding share base of 1,657,810,034 as disclosed in the issuer's quarterly report. The filing clarifies that SVF Investments (UK) Limited holds the shares of record while SBIA UK is appointed as the alternative investment fund manager and thus may be deemed to share beneficial ownership. The reporting persons indicate only shared voting and dispositive power and no sole powers, and reference a joint filing agreement as Exhibit 99. This is a material ownership disclosure relevant to shareholder concentration metrics.

Corporate Governance Expert

TL;DR: The filing clarifies control relationships: record holder, AIFM appointment, and shared—not sole—authority over 18.7% of Class A stock.

Key governance facts are stated plainly: SVF Investments (UK) Limited is the record holder of 309,542,259 Class A shares and SB Investment Advisers (UK) Limited is identified as its appointed AIFM with exclusive responsibility for investment decisions. Both Reporting Persons declare shared voting and dispositive power for the full reported position and explicitly report zero sole voting or dispositive power. The filing also references a joint filing agreement (Exhibit 99). These items clarify who exercises investment decision authority and how beneficial ownership is reported.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Coupang, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

22266T109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 22266T109

1

Names of Reporting Persons

SB Investment Advisers (UK) Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 309,542,259.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 309,542,259.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

309,542,259.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

18.7 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 22266T109

1

Names of Reporting Persons

SVF Investments (UK) Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 309,542,259.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 309,542,259.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

309,542,259.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

18.7 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Coupang, Inc.
(b)	Address of issuer's principal executive offices: 720 Olive Way, Suite 600, Seattle, WA, 98101
Item 2.
(a)	Name of person filing: Each of the following is hereinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons." This statement is filed on behalf of: SB Investment Advisers (UK) Limited ("SBIA UK") SVF Investments (UK) Limited
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Reporting Persons is 69 Grosvenor Street, London, W1K 3JP, United Kingdom.
(c)	Citizenship: Each of the Reporting Persons is organized under the laws of England and Wales.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 22266T109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information contained on the cover pages to this Schedule 13G is incorporated by reference into this Item 4. The ownership information presented below represents beneficial ownership of Class A Common Stock of the Issuer as of June 30, 2025, based upon 1,657,810,034 shares of Class A Common Stock outstanding as of April 30, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 6, 2025. SVF Investments (UK) Limited is the record holder of 309,542,259 shares of Class A Common Stock. SBIA UK has been appointed as alternative investment fund manager ("AIFM") of SVF Investments (UK) Limited. SBIA UK is authorized and regulated by the UK Financial Conduct Authority and is exclusively responsible for making all decisions related to the acquisition, structuring, financing and disposal of SVF Investments (UK) Limited's investments. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities reported herein.
(b)	Percent of class: 18.7%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 309,542,259
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 309,542,259
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

SB Investment Advisers (UK) Ltd

Signature:	By: /s/ Amanda Sanchez-Barry
Name/Title:	Amanda Sanchez-Barry, General Counsel
Date:	08/14/2025

SVF Investments (UK) Ltd

Signature:	By: SB Investment Advisers (UK) Limited, its manager, By: /s/ Amanda Sanchez-Barry
Name/Title:	Amanda Sanchez-Barry, General Counsel
Date:	08/14/2025

Exhibit Information

Exhibit 99: Joint Filing Agreement (previously filed).