Coupang Kim Bum-suk Sells 15 Million Shares...2 million shares donated

Coupang Chairman Kim Bum-seok sold 15 million shares.

According to Coupang's disclosure yesterday (13th) listed on the New York Stock Exchange, the selling price is $22.97 per share, worth $344.55 million and KRW 480 billion.

Chairman Kim has separately donated 2 million shares to the charitable fund.

Chairman Kim's sale of his stake is the first since his listing on the New York Stock Exchange in 2021 to fulfill important financial obligations such as tax payments, it said in a disclosure.

The sale and donation of shares have reduced Chairman Kim's stake based on voting rights from 75.8% to 73.7%, but it does not affect his largest shareholder status.