Kulr Technology SEC Filings

Michael Mo, Chairman and CEO of KULR Technology Group, filed Amendment No. 3 to his Schedule 13D to update his ownership and control position. He reports beneficial ownership of 3,117,668 shares of common stock, representing 6.7% of the common stock class, after giving effect to a prior one-for-eight reverse stock split.

His holdings include 2,598,149 common shares held directly, 175,000 jointly with his spouse, and 281,250 shares underlying restricted stock units. He also beneficially owns 1,000,000 shares of Series A Voting Preferred Stock, each carrying 100 votes. Combining preferred and common voting rights, he controls 70.51% of the issuer’s aggregate 146,254,040 votes.

The filing describes Board-approved grants of 35,779 RSUs in May 2024 and 250,000 RSUs in January 2025, as well as a January 2025 issuance of 270,000 preferred shares as part of a strategic initiative to strengthen negotiating flexibility and defenses against potential hostile third-party actions. On April 28, 2026, using his majority voting power, Mo delivered a written consent removing four directors and appointing two new directors to the Board, and he outlines a wide range of possible future governance and strategic actions he may consider as both a major securityholder and executive.

KULR Technology Group, Inc. furnished a Preliminary Information Statement disclosing that a Written Consent executed on April 28, 2026 by Michael Mo, who beneficially holds 2,773,149 common shares and 1,000,000 Series A preferred shares (together ~70.03% of voting power), approved corporate actions without a meeting under Section 228 of the DGCL.

The actions effected upon delivery of the Written Consent include appointment of two directors (Benjamin Andrew Frank and Dr. Michael Philip Kimel), adoption of Amended and Restated By-laws (replacing the Original By-laws), and related corporate housekeeping. The Company states no solicitation occurred and no appraisal rights are available. Shares outstanding were 46,254,040 common and 1,000,000 preferred as of April 28, 2026.

KULR Technology Group, Inc. filed an amended current report to supplement earlier disclosure about its amended and restated by-laws. A holder of a majority of the company’s outstanding aggregate voting stock approved the Amended and Restated By-laws by written consent on April 28, 2026, and they became effective immediately.

The amendment to the report is limited to additional information under Item 5.03 regarding these by-laws; all other information from the original report remains unchanged. The full text of the Amended and Restated By-laws is available as an exhibit to the original filing.

KULR Technology Group, Inc. reported a major board restructuring and adoption of amended and restated by-laws. A holder of a majority of KULR’s voting stock removed four directors and elected Benjamin Andrew Frank and Dr. Michael Philip Kimel to the board, effective immediately.

The company has streamlined its board to three members, including two majority independent directors, as part of an effort to reduce SG&A expenses in 2026 and improve operating efficiency. KULR is also appointing a Special Advisor to lead an Operating Discipline Framework focused on pricing discipline, capital allocation, cost controls, and operating cadence.

Frank, a Director of Workforce AI Solution Engineering at Microsoft since 2013, brings applied AI and enterprise technology experience, while Kimel, Founder and CEO of Pricimetrics since 2019, adds more than 30 years of pricing and profitability expertise.

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.

KULR Technology Group, Inc. files its annual report describing a battery-systems and thermal-management business focused on aerospace, defense, data centers and other mission‑critical applications, alongside a sizable bitcoin treasury and mining strategy.

The company completed a 1‑for‑8 reverse stock split on June 23, 2025 and reports 46,239,034 common shares outstanding as of March 27, 2026. It operates a 31,095 ft² integrated design and production facility in Webster, Texas near NASA’s Johnson Space Center and had 47 full‑time employees and 28 contractors as of December 31, 2025.

KULR highlights products such as its KULR ONE modular battery platform, KULR VIBE vibration‑reduction technology, SafeCASE and Thermal Runaway Shield solutions, and emerging data‑center cooling fans. The company emphasizes government and defense relationships, intellectual‑property protection, and regulatory compliance, while noting intense competition, long sales cycles, supply‑chain and geopolitical risks, and dependence on key personnel.

A major section outlines a bitcoin treasury and mining strategy. As of December 31, 2025, KULR held 1,000.99 bitcoin acquired for approximately $100.7 million, an average purchase price of about $100,600 per bitcoin. As of March 27, 2026, it still held 1,000.99 bitcoin, while the market price was $65,995 per bitcoin, implying a substantial unrealized loss. The company also began leasing mining equipment in 2025 and had mined 81.72 bitcoin at an average per‑bitcoin cost of about $103,545. Extensive risk factors describe bitcoin price volatility, regulatory uncertainty, counterparty and custody risks, cybersecurity threats, mining‑economics variability, and potential liquidity constraints.

KULR Technology Group CEO and Chairman Michael Mo reported automatic share withholdings to cover taxes on vested equity awards. On January 21, 2026, the company withheld 31,557 shares of Common Stock at a reference price of $2.96 per share and 20,156 shares of Common Stock at a reference price of $4.18 per share. Both transactions were coded "F," meaning they relate to tax withholding on restricted stock units (RSUs) under the company’s equity incentive plan and are explicitly described as not representing sales into the market.

After these withholdings, Mo directly beneficially owned 3,054,399 shares of KULR Common Stock. The filing notes this amount reflects a one-for-eight reverse stock split effective June 23, 2025 and now includes shares underlying previously granted RSUs that had been omitted from the reported total.

KULR Technology Group Chief Technology Officer William Quinn Walker reported an administrative share withholding related to equity compensation. On January 21, 2026, 9,020 shares of common stock were withheld by the company to cover income tax and remittance obligations tied to the net settlement of previously granted restricted stock units under its equity incentive plan, and this event is explicitly noted as not representing a sale. The withholding used $4.18 per share, described as the prior closing price on the vesting date, as a reference value rather than a sale price. After this adjustment, Walker beneficially owned 175,563 shares of common stock directly, with this amount reflecting a one-for-eight reverse stock split effective June 23, 2025 and the inclusion of shares underlying earlier RSU grants that had previously been omitted.

KULR Technology Group’s Chief Financial Officer and director Shawn Canter reported an automatic share withholding related to equity compensation. On January 21, 2026, the company withheld 16,170 shares of Common Stock to cover income tax obligations tied to the net settlement of previously granted restricted stock units, at a reference price of $4.18 per share. The filing states this does not represent a sale in the market. After this tax withholding, Canter beneficially owned 346,347 shares of Common Stock directly, an amount that reflects a one-for-eight reverse stock split effective June 23, 2025 and the inclusion of shares underlying earlier RSU grants that were previously omitted.