Equity award tax withholding leaves WEBTOON (WBTN) director with 231,049 shares

Rhea-AI Filing Summary

WEBTOON Entertainment Inc. director and officer David J. Lee reported a tax-related share disposition linked to equity award vesting. On this Form 4, 3,018 shares of common stock were withheld by the company at $13.24 per share to satisfy income tax withholding and remittance obligations, as stated in the footnote. The footnote clarifies that this withholding does not represent a sale by Lee. After this transaction, Lee directly holds 231,049 shares of WEBTOON common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lee David J.

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,018	$13.24	$40K

Holdings After Transaction: Common Stock — 231,049 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 3,018 shares Withholding price per share: $13.24 per share Shares held after transaction: 231,049 shares +1 more

4 metrics

Shares withheld for taxes 3,018 shares Withheld to satisfy income tax obligations on equity award vesting

Withholding price per share $13.24 per share Value assigned to shares withheld in tax-withholding disposition

Shares held after transaction 231,049 shares Total WEBTOON common stock directly owned after tax withholding

Tax-withholding shares count 3,018 shares Also reflected as taxWithholdingShares in transaction summary

Key Terms

income tax withholding, net settlement, equity awards, tax-withholding disposition

4 terms

income tax withholding financial

"Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations"

net settlement financial

"obligations in connection with the vesting and net settlement of the Reporting Person's equity awards"

equity awards financial

"obligations in connection with the vesting and net settlement of the Reporting Person's equity awards"

Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.

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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED 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^*

Lee David J.

(Last) (First) (Middle)

5700 WILSHIRE BLVD., SUITE 220

(Street)

LOS ANGELES CALIFORNIA 90036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WEBTOON Entertainment Inc. [ WBTN ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/01/2026		F(1)		3,018	D	$13.24	231,049	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares that have been withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the vesting and net settlement of the Reporting Person's equity awards, previously reported on a Form 3, and does not represent a sale by the Reporting Person.

Remarks:

Chief Financial Officer and Director

	/s/ Maximilian Jo, as Attorney-in-Fact for David J. Lee	05/04/2026
	** 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 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 insider transaction did WEBTOON (WBTN) report for David J. Lee?

WEBTOON reported that 3,018 shares of common stock were withheld from David J. Lee to cover income tax obligations on vested equity awards. The footnote states this is a tax-withholding event and does not represent a sale by the reporting person.

How many WEBTOON (WBTN) shares does David J. Lee hold after this Form 4?

After the reported tax-withholding disposition, David J. Lee directly holds 231,049 shares of WEBTOON common stock. This post-transaction share count is disclosed in the Form 4 as the total shares beneficially owned following the transaction.

Was the WEBTOON (WBTN) Form 4 transaction an open-market sale of shares?

No, the Form 4 explicitly notes that 3,018 shares were withheld by WEBTOON to satisfy income tax withholding and remittance obligations on equity awards. The footnote clarifies that this transaction does not represent a sale by David J. Lee.

At what price were WEBTOON (WBTN) shares withheld for David J. Lee’s taxes?

The 3,018 shares of WEBTOON common stock withheld for David J. Lee’s income tax obligations were valued at $13.24 per share. This per-share figure is listed in the Form 4 as the transaction price associated with the tax-withholding disposition.

What does the tax-withholding disposition on WEBTOON (WBTN) Form 4 mean?

The tax-withholding disposition means WEBTOON retained 3,018 of David J. Lee’s vested shares to cover income tax and remittance obligations. According to the footnote, this mechanism settles tax liabilities on equity awards and is not characterized as a sale by the reporting person.