Form 4: Greenoaks Capital Partners Acquires Shares in Coupang, Inc.

Greenoaks Capital Partners acquired shares in Coupang, Inc. as part of a transaction described in the Issuer's Current Report on Form 8-K filed April 8, 2025.

Summary

• Greenoaks Capital Partners LLC acquired 5,465,099 Class A Common Shares of Coupang, Inc. on April 7, 2025, at a price of $23.055 per share.
• Following the transaction, Greenoaks Capital Partners LLC indirectly beneficially owns 58,391,522 Class A Common Shares.
• Neil Mehta, a Managing Partner of Greenoaks and a director of Coupang, directly owns 67,640 Class A Common Shares, representing vested and unvested restricted stock units.
• Greenoaks disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports a transaction. The acquisition of shares by Greenoaks could be seen as a positive signal, but the disclaimer of beneficial ownership tempers the enthusiasm.

Management Comments

• Greenoaks may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934, as amended, by virtue of the fact that Mr. Mehta currently serves on the board of directors of the Issuer.
• Each Reporting Person disclaims beneficial ownership in the securities reported herein except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Industry Context

This announcement reflects ongoing investment activity in the e-commerce sector, with Greenoaks Capital Partners increasing its stake in Coupang, a major player in the South Korean e-commerce market.

Stakeholder Impact

• The increased stake by Greenoaks Capital Partners could positively influence shareholder confidence.
• The transaction may have a limited impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Coupang, Greenoaks Capital Partners, Class A Common Shares, Beneficial Ownership, Neil Mehta, Securities Exchange Act, Form 4