WEBTOON Entertainment CFO shares withheld for taxes

Accepted by SEC EDGAR 08/03/2026 - 06:28 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

WEBTOON Entertainment Inc. reported that Chief Financial Officer and director David J. Lee had 2,954 shares of common stock withheld by the company on August 1, 2026 to satisfy income tax obligations from the vesting and net settlement of prior equity awards, at a price of $9.12 per share. After this tax-withholding disposition, he directly holds 218,632 shares of WEBTOON common stock.

Insider Trade Summary

Tax Withholding: 2,954 shares

Tax Withholding 1 txn

Insider Lee David J.

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	2,954	$9.12	$27K

Holdings After Transaction: Common Stock — 218,632 shares (Direct)

Holdings Before and After: Common Stock, 221,586 to 218,632 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares withheld for taxes: 2,954 shares Deemed price per share: $9.12 Shares held after transaction: 218,632 shares

3 metrics

Shares withheld for taxes 2,954 shares Common stock withheld on August 1, 2026 to satisfy income tax obligations

Deemed price per share $9.12 Per-share value for the tax-withholding disposition of common stock

Shares held after transaction 218,632 shares Direct holdings of David J. Lee following the August 1, 2026 withholding

Key Terms

income tax withholding, remittance obligations, net settlement, equity awards

4 terms

income tax withholding financial

"withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection"

remittance obligations financial

"income tax withholding and remittance obligations in connection with the vesting"

net settlement financial

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

equity awards financial

"net settlement of the Reporting Person's equity awards, previously reported on a Form 3"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WEBTOON Entertainment (WBTN) report for its CFO?

WEBTOON reported that CFO and director David J. Lee had 2,954 common shares withheld by the company on August 1, 2026 to cover income tax obligations arising from the vesting and net settlement of previously granted equity awards, rather than executing an open-market sale.

How many WEBTOON (WBTN) shares were withheld for CFO David J. Lee's taxes?

The company withheld 2,954 shares of WEBTOON common stock for David J. Lee. These shares covered income tax withholding and remittance obligations linked to the vesting and net settlement of his equity awards, as noted in the Form 4 footnote.

Was the WEBTOON (WBTN) CFO's Form 4 transaction an open-market sale?

No. The Form 4 states the 2,954 shares were withheld by WEBTOON to satisfy income tax obligations associated with vesting equity awards and explicitly notes that this withholding does not represent a sale by David J. Lee in the market.

How many WEBTOON (WBTN) shares does CFO David J. Lee hold after the transaction?

After the tax-withholding disposition, David J. Lee directly holds 218,632 shares of WEBTOON common stock. This post-transaction balance reflects his remaining direct ownership following the withholding of shares to satisfy income tax obligations tied to vesting equity awards.

At what price were WEBTOON (WBTN) shares valued for the CFO's tax withholding?

The withheld WEBTOON shares were valued at $9.12 per share. This per-share amount is reported as the transaction price for the 2,954 common shares used to satisfy income tax withholding obligations related to the vesting and net settlement of the CFO's equity awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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)

222 N. PACIFIC COAST HIGHWAY

SUITE 2300

(Street)

EL SEGUNDO CALIFORNIA 90245

(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)
08/01/2026

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	08/01/2026		F(1)		2,954	D	$9.12	218,632	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	08/03/2026
	** 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)