Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 15, 2022, the Board of Directors (the "Board") of Coupang, Inc. (the "Company") appointed Pedro Franceschi as a director of the Company, effective immediately. The Board also appointed him to serve on the Compensation Committee of the Board effective upon his appointment to the Board.

In connection with his appointment, Mr. Franceschi was granted a restricted stock unit ("RSU") award covering 5,167 shares of the Company's Class A common stock under the Company's 2021 Equity Incentive Plan, entitled to vest in full on the earlier of the date of the next annual meeting of stockholders following the date of grant or the one-year anniversary of the date of grant. Mr. Franceschi is also eligible to participate in the Company's director compensation policy for non-employee directors, as follows: (1) an RSU award covering a number of shares of the Company's Class A common stock having a value of $300,000, on the date of each annual meeting of stockholders following which he will continue as a non-employee director, and (2) an RSU award covering a number of shares of the Company's Class A common stock having a value of $10,000, for service as a member of the Compensation Committee of the Board. Mr. Franceschi also entered into an indemnification agreement with the Company in the same form as its other directors have entered, which is filed as Exhibit 10.3 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on March 3, 2022.

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