Coupang, Inc. Stock Compensation Disclosure
| Outstanding RSUs | |||||||||||
(in millions, except unit price) | Number of RSUs | Weighted Average Grant-Date Fair Value | |||||||||
| December 31, 2024 | 64 | $ | 18.82 | ||||||||
| Granted | 30 | 25.52 | |||||||||
| Vested | (24) | 18.25 | |||||||||
| Forfeited / cancelled | (11) | 20.24 | |||||||||
| December 31, 2025 | 59 | $ | 22.17 | ||||||||
(in millions, except unit price) | 2025 | 2024 | 2023 | ||||||||||||||
| Weighted average grant-date fair value of RSUs granted | $ | 25.52 | $ | 19.77 | $ | 16.31 | |||||||||||
| Fair value of RSUs at vesting | $ | 624 | $ | 402 | $ | 223 | |||||||||||
| Outstanding Options | |||||||||||||||||||||||
(in millions, except unit price) | Number of Options | Weighted Average Exercise Price | Weighted-Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value | |||||||||||||||||||
| December 31, 2024 | 15 | $ | 8.26 | 3.83 | $ | 213 | |||||||||||||||||
| Forfeited / cancelled | — | $ | 1.99 | ||||||||||||||||||||
| Exercised | (2) | $ | 2.30 | ||||||||||||||||||||
| December 31, 2025 | 13 | $ | 9.15 | 2.71 | $ | 195 | |||||||||||||||||
| Exercisable as of December 31, 2025 | 13 | $ | 9.15 | 2.71 | $ | 195 | |||||||||||||||||
(in millions, except unit price) | 2025 | 2024 | 2023 | ||||||||||||||
| Intrinsic fair value of stock options exercised | $ | 49 | $ | 35 | $ | 57 | |||||||||||
(in millions) | 2025 | 2024 | 2023 | ||||||||||||||
| Cost of sales | $ | 17 | $ | 17 | $ | 14 | |||||||||||
| Operating, general and administrative | 458 | 416 | 312 | ||||||||||||||
| Total | $ | 475 | $ | 433 | $ | 326 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
About Stock Compensation Disclosures
Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.
Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.