3.4 Million Shares Held by Coupang Employees to Be Released on US Stock Market... "Excluding Executives"

Half of All Employees' Stock Options (65.7 Million Shares)
180-Day Sale Restriction Period Shortened to 6 Days
"Prioritizing Employees Over Executives and Investors"

[Asia Economy Reporter Kim Bo-kyung] On the 18th, 34 million shares held by Coupang employees will be released on the US stock market.

Coupang announced in a press release that the sale restrictions on some employees' shares will be lifted early, allowing sales from the opening of the US stock market on that day. However, Coupang executives are not subject to this early lifting of sale restrictions.

Coupang stated, "We chose to prioritize regular employees over company executives and pre-IPO investors," adding, "The usual 180-day sale restriction period applied to existing employees has been shortened to 6 days."

The volume of shares with lifted sale restrictions is 34 million, which is about half of the stock options (65.7 million shares) granted to all employees.

As of December 31 of last year, the issued shares held by employees who were working at Coupang and are still employed as of the 26th of last month will have their sale restrictions lifted.

This content was produced with the assistance of AI translation services.