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KULR Technology (NASDAQ: KULR) CFO stock withheld to cover RSU taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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

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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)
  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.
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
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.
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Canter Shawn

(Last)(First)(Middle)
C/O KULR TECHNOLOGY GROUP, INC.
555 FORGE RIVER ROAD, SUITE 100

(Street)
WEBSTER TEXAS 77598

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
KULR Technology Group, Inc. [ KULR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock04/15/2026F19,369(1)D$2.17(2)326,978D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 Issuer's Common Stock on the vesting date and does not represent a sale.
/s/ Shawn Canter04/17/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.

How many KULR (KULR) shares were withheld for taxes and at what price?

The filing shows 19,369 shares of KULR Common Stock were withheld to satisfy income tax obligations, using $2.17 per share as the reference price. A footnote clarifies this price reflects the previous closing price on the vesting date and does not indicate an actual sale.

Does the KULR (KULR) Form 4 indicate that the CFO sold shares on the market?

No, the Form 4 specifies the disposition was for tax withholding related to restricted stock units. Shares were withheld by the issuer in a net settlement, and the footnotes clearly state this transaction does not represent a sale of shares into the open market.

How many KULR (KULR) shares does the CFO hold after this tax withholding?

Following the tax-withholding transaction, CFO Shawn Canter directly holds 326,978 shares of KULR Common Stock. This indicates that, despite the 19,369 shares withheld for taxes, he continues to maintain a sizeable equity position in the company after the RSU vesting event.

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.