K Wave Media (KWM) director discloses 2,716,633-share stake in Form 3

Rhea-AI Filing Summary

K Wave Media Ltd. director Lee Young Jae filed an initial Form 3 reporting beneficial ownership of ordinary shares. The filing shows direct ownership of 2,716,633 ordinary shares, par value $0.0001 per share, as of 2026-03-18. This Form 3 records an existing position and does not report any recent share purchases or sales.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Lee Young Jae

(Last) (First) (Middle)

C/O K WAVE MEDIA LTD.

121 SOUTH CHURCH STREET

(Street)

GEORGE TOWN KY1-1104

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
K Wave Media Ltd. [ KWM ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares, par value $0.0001 per share	2,716,633	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

See Exhibit 24.1 - Power of Attorney.

	/s/ Ted Kim, as attorney-in-fact	03/24/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Lee Young Jae’s Form 3 filing for KWM report?

The Form 3 reports that director Lee Young Jae beneficially owns 2,716,633 ordinary shares of K Wave Media Ltd. (KWM). This is an initial ownership report required when someone becomes an insider, not a record of new share purchases or sales.

How many K Wave Media (KWM) shares does Lee Young Jae own?

The filing shows direct ownership of 2,716,633 ordinary shares of K Wave Media Ltd. as of 2026-03-18. These ordinary shares have a par value of $0.0001 per share and represent the director’s reported beneficial stake.

Does the K Wave Media (KWM) Form 3 show any recent insider buying or selling?

No, this Form 3 does not show recent buying or selling. It classifies the entry as a holding, with zero buy or sell transactions in the summary, and simply establishes that 2,716,633 ordinary shares are owned directly by the reporting person.

What type of security is reported in the KWM Form 3 for Lee Young Jae?

The security reported is Ordinary Shares, par value $0.0001 per share of K Wave Media Ltd.. The filing lists 2,716,633 of these ordinary shares as directly owned, with no derivative securities or options disclosed in the derivative section.

Why is K Wave Media (KWM) filing a Form 3 for Lee Young Jae?

A Form 3 is required when someone becomes an insider, such as a director, of a public company. This filing records that Lee Young Jae, a director of K Wave Media Ltd., beneficially owns 2,716,633 ordinary shares as of the reported date.