Form 4: Coupang VP Pranam Kolari Sells 11,631 Shares to Cover Tax Obligations
SEC Form 4 Filing
Pranam Kolari, VP of Search and Recommendations at Coupang, Inc., sold 11,631 shares of Class A Common Stock on November 4, 2024, to satisfy tax obligations related to vested Restricted Stock Units.
Summary
- On November 4, 2024, Pranam Kolari, VP of Search and Recommendations at Coupang, Inc., sold 11,631 shares of Class A Common Stock.
- The shares were sold at a price of $25.36 per share.
- The sale was executed to cover tax obligations arising from the vesting and settlement of Restricted Stock Units.
- Following the transaction, Kolari directly owns 151,534 shares of Coupang's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations are a common practice among executives who receive stock-based compensation. This filing provides transparency into such transactions.
Key Dates
| Date | Description |
|---|---|
| 11/04/2024 | Date of the stock sale transaction. |
| 11/06/2024 | Date of signature on the Form 4 filing. |
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