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CPNGCoupang, Inc. · Insider ownership research

Coupang, Inc. insiders sold $5.9M in the past 12 months. How much of their stake is that?

Insiders sold $5.9M in the past 12 months.40% was sold under disclosed trading plans, 60% to cover taxes. The largest seller, Harold Rogers (General Counsel and Chief Administrative Officer), sold $3.1M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$3.1M
largest seller, Harold Rogers, past 12 months
40%
of sales were under disclosed trading plans, past 12 months
4 of 11
officers and directors sold shares, past 12 months
Is this normal? Less than usual: about one-twentieth of the 4-year average. 4 insiders sold; the average is 6 a year. Year by year
Latest filing: Filed Oct 5 for a sale on Oct 2. Jonathan Lee sold 5.5K shares ($75K) to cover taxes on vesting stock. Filing
SEC ownership filings: 23 filed in the 12 months to Oct 13, 2026; 197 on record since Mar 10, 2021 · See the evidence

What stands out

Selling rose in the last 90 days but the year remains well below the 4-year average: officers and directors sold 203K shares, against an average of 29K per 90 days earlier in the period. Most of it was Harold Rogers (192K shares in the last 90 days) and Jonathan Lee (11K shares in the last 90 days); 5.0% of these sales were under disclosed plans.Harold Rogers: largest recent sale, Aug 10, 2026 · Jonathan Lee: largest recent sale, Aug 10, 2026

A share of stake is shown for 0 of the 4 officers and directors who sold. 11 are left out

i
Left out: Benjamin Sun, Gaurav Anand, Hanseung Kang, Harold Rogers, Kevin Warsh, Pranam Kolari, Jonathan Lee, Jason Child, Pedro Franceschi, Ambereen Toubassy and Asha Sharma (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Harold Rogers
General Counsel and Chief Administrative Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$3.1MTo cover taxes
Gaurav Anand
Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$2.2MDisclosed plan
Pranam Kolari
VP, Search and Recommendations
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$373KTo cover taxes
Jonathan Lee
Chief Accounting Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$227K72% planned, 28% to cover taxes
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $2.2M under a disclosed planNov 2025: $373K to cover taxesNovDecJan 2026: $63K to cover taxesJanFebMarAprMayJunJulAug 2026: $89K under a disclosed planAug 2026: $3.1M to cover taxes$3.2MAugSepOct 2026: $75K under a disclosed planOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026
Oct 2, 2026Jonathan Lee sold 5.5K shares ($75K) to cover taxes on vesting stock.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Jonathan Lee
Chief Accounting Officer
Also under a disclosed plan
5,519$13.65n/an/aOct 2, 2026Oct 5, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Outside holders, reported separately

SVF Investments (UK) Ltd and GREENOAKS CAPITAL PARTNERS LLC reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Why are Coupang, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 40% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 60% were to cover taxes. A trading plan schedules sales in advance.

Are any Coupang, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold4 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Harold Rogers
General Counsel and Chief Administrative Officer
$3.1M
192K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Gaurav Anand
Chief Financial Officer
$2.2M
75K shares
Not confirmed
share of stake is being verified. Why
Disclosed plan
Pranam Kolari
VP, Search and Recommendations
$373K
12K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Jonathan Lee
Chief Accounting Officer
$227K
14K shares
Not confirmed
share of stake is being verified. Why
72% under a disclosed plan, 28% to cover taxes

Outside holder, reported separately: SVF Investments (UK) Ltd (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

Outside holder, reported separately: GREENOAKS CAPITAL PARTNERS LLC (an outside shareholder, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture0 of 11 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Benjamin Sun
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Benjamin Sun are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Benjamin Sun

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Benjamin Sun are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Gaurav Anand
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gaurav Anand are complete.
Chief Financial Officer
n/a−75Kn/an/a
Vesting, gifts, unvested awards and holding lines for Gaurav Anand

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gaurav Anand are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Hanseung Kang
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Hanseung Kang are complete.
Rep Director, Business Mngmt
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Hanseung Kang

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Hanseung Kang are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Harold Rogers
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Harold Rogers are complete.
General Counsel and Chief Administrative Officer
n/a−192Kn/an/a
Vesting, gifts, unvested awards and holding lines for Harold Rogers

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Harold Rogers are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Kevin Warsh
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kevin Warsh are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Kevin Warsh

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kevin Warsh are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Pranam Kolari
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Pranam Kolari are complete.
VP, Search and Recommendations
n/a−12Kn/an/a
Vesting, gifts, unvested awards and holding lines for Pranam Kolari

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Pranam Kolari are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jonathan Lee
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jonathan Lee are complete.
Chief Accounting Officer
n/a−14Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jonathan Lee

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jonathan Lee are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jason Child
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jason Child are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jason Child

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jason Child are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Pedro Franceschi
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Pedro Franceschi are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Pedro Franceschi

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Pedro Franceschi are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Ambereen Toubassy
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ambereen Toubassy are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Ambereen Toubassy

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ambereen Toubassy are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Asha Sharma
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Asha Sharma are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Asha Sharma

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Asha Sharma are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Coupang, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$5.9M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $5.9M across 292,830 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

The lighter segment is sales with no plan disclosed in the filing ($3.5M), including tax-related sales outside a plan.

Taxes

$5.9M of sales (100.0%) cite tax obligations in their footnotes, $2.4M of them also under a plan. Example: Jonathan Lee, Oct 2, 2026

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Harold Rogers
General Counsel and Chief Administrative Officer
192K$3.1M0%53%Aug 10, 2026 to Aug 10, 2026
Gaurav Anand
Chief Financial Officer
75K$2.2M100%37%Nov 10, 2025 to Nov 10, 2025
Pranam Kolari
VP, Search and Recommendations
12K$373K0%6%Nov 3, 2025 to Nov 3, 2025
Jonathan Lee
Chief Accounting Officer
14K$227K72%4%Jan 2, 2026 to Oct 2, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$2.6M$2.2M$373K$0
Dec 2025$0$0$0$0
Jan 2026$63K$0$63K$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$3.2M$89K$3.1M$0
Sep 2026$0$0$0$0
Oct 2026$75K$75K$0$0
Is this normal? Selling year by year4 earlier years to compare with

Less than usual: about one-twentieth of the 4-year average. 4 insiders sold; the average is 6 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
293K4$5.9M
Oct 13, 2025
1 year earlier
17.41M8$412M
Oct 13, 2024
2 years earlier
1.37M7$28.9M
Oct 14, 2023
3 years earlier
793K4$14.5M
Oct 14, 2022
4 years earlier
1.05M4$21.5M
Oct 14, 2021
5 years earlier · filings don't cover the whole year
1.89M4$64.1M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty11 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Coupang, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology197 filings on record, 23 filed in the 12-month period, and how we read them

All 197 Forms 3, 4 and 5 on record for Coupang, Inc. (SEC CIK 1834584), filed from Mar 10, 2021 to Oct 5, 2026; 23 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (8)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.