WEBTOON (WBTN) director reports 12,053 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEBTOON Entertainment Inc. director and officer Yongsoo Kim reported a tax-related share disposition tied to equity compensation. On May 28, 2026, 12,053 shares of common stock were withheld by the company at $11.98 per share to cover income tax obligations from vesting awards. The footnote explains this is a tax-withholding and not an open-market sale. After this event, Kim directly holds 204,974 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kim Yongsoo
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 12,053 | $11.98 | $144K |
Holdings After Transaction:
Common Stock — 204,974 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 12,053 shares
Per-share value: $11.98 per share
Shares held after transaction: 204,974 shares
3 metrics
Shares withheld for taxes
12,053 shares
Tax-withholding disposition on May 28, 2026
Per-share value
$11.98 per share
Value used for 12,053 withheld shares
Shares held after transaction
204,974 shares
Direct holdings following tax withholding
Key Terms
tax withholding, net settlement, equity awards, Form 4
4 terms
tax withholding financial
"withheld by the Issuer to satisfy income tax withholding and remittance obligations"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did WEBTOON (WBTN) director Yongsoo Kim report?
Yongsoo Kim reported a tax-related share disposition. 12,053 common shares were withheld by WEBTOON to satisfy income tax obligations arising from vesting equity awards, and the footnote states this does not represent an open-market sale by Kim.
Is Yongsoo Kim’s WEBTOON (WBTN) Form 4 transaction an open-market sale?
No, it is not an open-market sale. The footnote clarifies the 12,053 shares were withheld by WEBTOON solely to satisfy income tax obligations on vesting equity awards, and explicitly states this does not represent a sale by Yongsoo Kim.