Insider Trading March 13, 2026

Coupang Director Makes $136.5 Million Purchase of Class A Shares

Neil Mehta adds 7.35 million CPNG shares across three trades amid recent stock weakness and mixed earnings signals

By Nina Shah CPNG
Coupang Director Makes $136.5 Million Purchase of Class A Shares
CPNG

Director Neil Mehta filed purchases of 7,350,104 Coupang Class A shares valued at $136.5 million in three transactions reported on a Form 4 with the SEC. The buys took place March 11-13, 2026, and follow a roughly 43% decline in the stock over the prior six months. The company reported Q4 2025 results that missed revenue and EPS expectations and drew divergent analyst reactions.

Key Points

  • Neil Mehta purchased 7,350,104 Coupang Class A shares across three transactions on March 11-13, 2026, totaling $136.5 million.
  • After these transactions, Mehta indirectly holds 55,310,977 Class A shares and directly holds 78,773 shares; the purchases are documented on a Form 4 filed with the SEC.
  • Coupang reported Q4 2025 revenue of $8.8 billion (up 11% year over year) but missed expectations and posted a diluted loss per share of $0.01; analyst reactions include an Underperform reiteration and a lowered Buy-side price target.

Insider transactions

Neil Mehta, a director at Coupang, Inc. (NYSE: CPNG), reported substantial purchases of the company’s Class A Common Shares in a Form 4 filing with the Securities and Exchange Commission. The filing shows Mehta acquired a total of 7,350,104 shares across three separate trades, with the cumulative value of those purchases recorded at $136.5 million.

Breakdown of the trades

The purchases occurred over three days in March 2026. On March 11, 2026, Mehta purchased 2,017,241 shares at prices ranging from $18.4850 to $19.0100. The second transaction on March 12, 2026, consisted of 3,000,000 shares purchased at prices between $18.5000 and $18.9000. The final reported trade was on March 13, 2026, when Mehta acquired 2,332,863 shares at prices ranging from $18.2177 to $18.7400.

Post-transaction holdings

Following these transactions, Mehta is shown as indirectly holding 55,310,977 shares of Coupang’s Class A Common Shares, and directly holding 78,773 shares. The Form 4 filing is the source for the reported acquisition details.

Share price context

The insider purchases come as Coupang’s share price has retreated about 43% over the past six months. At the time of reporting, the stock was trading at $18.44. Analysis noted in the filing references an InvestingPro Fair Value assessment that indicates the shares may be undervalued, and the company is described as having a market capitalization of $33.6 billion and holding more cash than debt on its balance sheet.

Earnings and analyst reactions

Coupang’s fourth-quarter 2025 results were mixed. Revenue for the quarter was $8.8 billion, an 11% increase year over year, but below the expected $9.26 billion, representing a negative surprise of 4.54%. Operating profit for the quarter came in at $8 million, a meaningful decline from the prior year. The company reported a diluted loss per share of $0.01, missing the forecasted earnings per share of $0.04.

Analyst responses detailed in the filing show divergence. Bernstein SocGen Group reiterated an Underperform rating and set a $17.00 price target, citing margin concerns. BofA Securities maintained a Buy rating while lowering its price target to $28 from $32, attributing slower product commerce revenue growth to calendar differences and a data incident.

What is included and limitations

The information above is drawn from the reported Form 4 filing, company financial disclosures for fourth-quarter 2025, and the analyst notes referenced. Where details in the source material are limited, this article reflects those limitations rather than adding new information or inference.


Disclosure: The disclosure field for this article is provided separately and does not appear in the article body.

Risks

  • Coupang’s recent quarterly results missed analyst revenue and EPS expectations, creating near-term earnings uncertainty for equity investors - this primarily affects the e-commerce and equity markets.
  • Analysts cited margin concerns and slower product commerce revenue growth tied to calendar differences and a data incident, introducing operational and revenue-growth risks for the company and the retail technology sector.
  • The stock has declined about 43% over six months, reflecting heightened market volatility and downside risk for shareholders in the internet and consumer discretionary sectors.

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