KULR Insider Filing: William Walker Net-Settles RSUs, Holds 29,896 Shares

Rhea-AI Filing Summary

William Quinn Walker, Chief Technology Officer of KULR Technology Group (KULR) reported a Form 4 showing a routine net settlement of restricted stock units on 08/22/2025. The company withheld 2,917 shares to satisfy income tax withholding related to RSU vesting; this withholding did not represent a sale. The previous closing price on the vesting date is reported as $6.25. Following the transaction, Mr. Walker beneficially owns 29,896 shares, which the filing says includes 8,020 shares settled net on August 22, 2025 and 21,875 shares previously vested. The filing notes an additional 154,687 shares underlying remaining RSUs that are not expected to vest or settle within 60 days.

Positive

• Net settlement indicates the transaction was to satisfy tax withholding rather than an open-market sale
• Reporting transparency: filing discloses number of shares withheld, shares vested, and remaining RSUs not expected to vest within 60 days

Negative

• Reduction in reported beneficial ownership by 2,917 shares due to tax-withholding net settlement

Insights

Financial Analyst

TL;DR: Routine insider RSU net settlement to cover taxes; no sale, modest change in beneficial holdings.

The Form 4 discloses a tax-withholding net settlement of RSUs rather than an open-market disposition. Withholding of 2,917 shares reduced reported beneficial ownership to 29,896 shares. The transaction was executed at the previous closing price of $6.25 as a reference for withholding and is characterized explicitly as not a sale. From an investor perspective, this is a routine compensation-related event with no immediate cash-flows to the insider and limited direct signaling about company prospects.

Corporate Governance Expert

TL;DR: Governance action is administrative: RSU settlement for tax obligations, consistent with standard equity compensation practices.

The filing identifies the reporting person as the CTO and documents net settlement mechanics used to satisfy tax withholding on vested RSUs. The presence of a large pool of remaining RSUs (154,687 shares) is noted but the filing states those are not expected to vest within 60 days, so immediate dilution risk is limited. This disclosure meets Section 16 reporting requirements and contains no indications of unusual insider trading behavior.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Walker William Quinn

(Last) (First) (Middle)

C/O KULR TECHNOLOGY GROUP, INC.,

555 FORGE RIVER ROAD, SUITE 100

(Street)

WEBSTER TX 77598

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KULR Technology Group, Inc. [ KULR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/22/2025		F(1)		2,917(1)	D	$6.25(2)	29,896(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the number of shares of Common Stock that were withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of restricted stock units ("RSUs") previously granted under the Issuer's equity incentive plan and does not represent a sale.

2. Represents the previous closing price of the Company's Common Stock on the vesting date and does not represent a sale.

3. Beneficial ownership set forth in Column 5 consists of the 8,020 shares settled net on August 22, 2025 to satisfy tax withholding and remittance obligations, the 21,875 shares previously vested to Mr. Walker and does not include the 154,687 shares underlying all remaining RSUs held by Dr. Walker, not expected to settle or vest within 60 days of this Form 4.

	/s/ William Walker	08/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did the Form 4 filed by William Walker (KULR) report?

The Form 4 reports a net settlement of restricted stock units where 2,917 shares were withheld for tax withholding on 08/22/2025 and is not a sale.

How many shares does William Walker beneficially own after the transaction?

29,896 shares are reported as beneficially owned following the transaction.

What price is noted in the Form 4 for the withholding calculation?

$6.25 is reported as the previous closing price on the vesting date and is used for the withholding reference; the filing states this does not represent a sale price.

Does the Form 4 show additional RSUs that could vest in the future?

Yes: the filing discloses 154,687 shares underlying remaining RSUs that are not expected to vest or settle within 60 days.

Was the transaction an open-market sale by the insider?

No: the filing explicitly states the withheld shares were to satisfy tax withholding and do not represent a sale.