Form 4: Coupang Director Ambereen Toubassy Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Ambereen Toubassy reports the acquisition of 88 restricted stock units (RSUs) of Coupang, Inc. Class A Common Stock.
Summary
- On April 1, 2025, Ambereen Toubassy, a director of Coupang, Inc., reported the acquisition of 88 Class A Common Stock restricted stock units (RSUs).
- These RSUs represent a contingent right to receive one share of Coupang's Class A Common Stock upon settlement.
- The RSUs will vest on the earlier of the next annual meeting of stockholders following June 13, 2024, or June 13, 2025, contingent upon continued service to the Issuer.
- Following the transaction, Toubassy directly owns 38,922 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing related to executive compensation. It is neutral in tone and provides factual information about the transaction.
Future Outlook
The document does not contain specific forward-looking statements regarding Coupang's future performance, but it does outline the vesting schedule for the granted RSUs.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings of company insiders.
Stakeholder Impact
- The grant of RSUs aligns the director's interests with those of the shareholders, as the value of the RSUs is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| December 12, 2024 | Date of execution of Power of Attorney. |
| June 13, 2024 | Reference date for RSU vesting condition related to the annual meeting of stockholders. |
| April 01, 2025 | Date of transaction: Acquisition of restricted stock units. |
| June 13, 2025 | Alternative vesting date for RSUs, contingent on continued service. |
| April 03, 2025 | Date of signature for the report. |
Keywords
Form 4, Coupang, Director, RSU, Ambereen Toubassy, Beneficial Ownership, Class A Common Stock
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