Coupang Announces Pre-Arranged Stock Sale Plan by Founder
Coupang, Inc. Class A (CPNG)
Company Research
Source: Business Wire
SEATTLE--(BUSINESS WIRE)--Coupang, Inc. (“Coupang”) announced today that Bom Kim, Coupang’s founder and Chief Executive Officer, had adopted a pre-arranged stock trading plan (the “Plan”) several months previously in accordance with SEC guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and the policies of Coupang regarding stock transactions, to sell up to 15,000,000 shares of Coupang Class A Common Stock, subject to certain terms and conditions, beginning no earlier than November 11, 2024.Rule 10b5-1 allows corporate officers and directors to adopt pre-arranged stock trading plans that meet certain requirements when they do not have material, non-public information, to provide for the selling of up to a predetermined, fixed number of company shares under certain specified conditions. Because the sales under the Plan are subject to certain market pricing parameters and trading limitations, Mr. Kim will not have discretion over the exact num
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CPNG
Earnings
- 11/5/24 - Beat
CPNG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CPNG's page on the SEC website