KULR Technology (NASDAQ: KULR) CFO stock withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KULR Technology Group, Inc. Chief Financial Officer Shawn Canter reported a tax-related share disposition tied to vesting restricted stock units. On this event date, 19,369 shares of Common Stock were withheld by the company to satisfy income tax obligations at a reference price of $2.17 per share. The footnotes state this withholding was part of the net settlement of previously granted RSUs and does not represent a sale into the market. After this withholding, Canter directly holds 326,978 shares of Common Stock, so the transaction reflects a routine tax payment on equity compensation while maintaining a substantial remaining position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Canter Shawn
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 19,369 | $2.17 | $42K |
Holdings After Transaction:
Common Stock — 326,978 shares (Direct)
Footnotes (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. Represents the previous closing price of the Issuer's Common Stock on the vesting date and does not represent a sale.
Key Figures
Shares withheld for taxes: 19,369 shares
Reference share price: $2.17 per share
Shares held after transaction: 326,978 shares
+1 more
4 metrics
Shares withheld for taxes
19,369 shares
Withheld to satisfy income tax obligations on RSU vesting
Reference share price
$2.17 per share
Previous closing price on the RSU vesting date
Shares held after transaction
326,978 shares
Direct Common Stock holdings following tax withholding
Tax-withholding shares count
19,369 shares
Reported as tax withholding, not a market sale
Key Terms
restricted stock units ("RSUs"), net settlement, equity incentive plan, income tax withholding, +1 more
5 terms
restricted stock units ("RSUs") financial
"in connection with the net settlement of restricted stock units ("RSUs") previously granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
net settlement financial
"in connection with the net settlement of restricted stock units ("RSUs") previously granted"
equity incentive plan financial
"RSUs previously granted under the Issuer's equity incentive plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
income tax withholding financial
"withheld by the Issuer to satisfy income tax withholding and remittance obligations"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did KULR (KULR) CFO Shawn Canter report in this Form 4 filing?
KULR CFO Shawn Canter reported that 19,369 shares of Common Stock were withheld by the company to cover income tax obligations on vested RSUs. The withholding was done via net settlement and is explicitly described as not being a market sale of shares.
What triggered the tax withholding transaction reported in KULR (KULR) CFO’s Form 4?
The tax withholding was triggered by the vesting and net settlement of restricted stock units granted under KULR’s equity incentive plan. When RSUs vested, the issuer withheld 19,369 shares to cover income tax and remittance obligations instead of requiring a separate cash payment from the executive.