KULR (KULR) General Counsel has 9,507 shares withheld to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KULR Technology Group General Counsel & Secretary Jay Koichi Yamamoto reported a routine tax-related share withholding. On the RSU vesting date, 9,507 shares of Common Stock were withheld by KULR at $3.82 per share to satisfy income tax obligations, as part of a net settlement of previously granted restricted stock units. The filing notes this does not represent an open-market sale. Following the withholding, Yamamoto directly holds 168,500 shares of KULR common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yamamoto Jay Koichi
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,507 | $3.82 | $36K |
Holdings After Transaction:
Common Stock — 168,500 shares (Direct, null)
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: 9,507 shares
Reference share price: $3.82 per share
Shares held after transaction: 168,500 shares
3 metrics
Shares withheld for taxes
9,507 shares
Common Stock withheld to satisfy RSU-related income tax obligations
Reference share price
$3.82 per share
Previous closing price on RSU vesting date used for withholding
Shares held after transaction
168,500 shares
Direct KULR Common Stock holdings following tax-withholding disposition
Key Terms
restricted stock units ("RSUs"), net settlement, equity incentive plan, income tax withholding
4 terms
restricted stock units ("RSUs") financial
"net settlement of restricted stock units ("RSUs") previously granted under the Issuer's equity incentive plan"
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"
FAQ
What insider transaction did KULR (KULR) report for Jay Koichi Yamamoto?
KULR reported that General Counsel & Secretary Jay Koichi Yamamoto had 9,507 shares of Common Stock withheld. The shares covered income tax obligations tied to vested RSUs and were not an open-market sale.
Does the KULR (KULR) Form 4 indicate an open-market sale by Jay Koichi Yamamoto?
No, the Form 4 explicitly states the transaction does not represent a sale. Shares were withheld by the issuer solely to cover income tax withholding and remittance obligations related to vested restricted stock units.