WEBTOON director has shares withheld for taxes

WEBTOON Entertainment Inc. director and officer Yongsoo Kim reported a tax-related share disposition tied to equity compensation.

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.

Insider Trade Summary

Exercise Price or Tax Liability: 12,053 shares

Exercise Price or Tax Liability 1 txn

Insider Kim Yongsoo

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	12,053	$11.98	$144K

Holdings After Transaction: Common Stock — 204,974 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: 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

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

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.

How many WEBTOON (WBTN) shares were withheld for Yongsoo Kim’s taxes?

WEBTOON withheld 12,053 common shares for Yongsoo Kim. These shares covered income tax withholding and remittance obligations triggered by the vesting and net settlement of previously reported equity awards, at a reference price of $11.98 per share.

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.

How many WEBTOON (WBTN) shares does Yongsoo Kim hold after this transaction?

After the tax-withholding transaction, Yongsoo Kim holds 204,974 WEBTOON common shares directly. This figure reflects his position following the withholding of 12,053 shares used to cover income tax liabilities on vested equity awards.

What price per share is shown in Yongsoo Kim’s WEBTOON (WBTN) Form 4?

The Form 4 shows a value of $11.98 per share for the 12,053 common shares withheld. This figure is used in the tax-withholding disposition related to the vesting and net settlement of previously reported equity awards.

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

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Accepted by SEC EDGAR 05/29/2026 - 04:40 PM EDT Learn about SEC filing dates

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^*

Kim Yongsoo

(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)
05/28/2026

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	05/28/2026		F		12,053	D(1)	$11.98	204,974	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:

President and Director

	/s/ Maximilian Jo, as Attorney-in-Fact for Yongsoo Kim	05/29/2026
	** 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)