Coupang (CPNG) Announces Pre-Arranged Stock Sale Plan by Founder
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Coupang Announces Pre-Arranged Stock Sale Plan by Founder
November 6, 2024 8:00 AM ESTSEATTLE--(BUSINESS WIRE)-- Coupang, Inc. (Coupang) announced today that Bom Kim, Coupangs 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... More
