WEBTOON Entertainment (WBTN) CFO has 3,018 shares withheld for taxes

Rhea-AI Filing Summary

WEBTOON Entertainment Inc. director and officer David J. Lee reported an automatic share withholding related to his equity awards. On 02/01/2026, 3,018 shares of common stock were withheld by the issuer at $12.09 per share to cover income tax obligations upon vesting. This was not an open-market sale, and Lee now directly holds 243,753 shares of WEBTOON common stock.

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

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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 CA 90036

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

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

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 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	02/01/2026		F(1)		3,018	D	$12.09	243,753	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, Chief Operating Officer and Director

	/s/ Maximilian Jo, as Attorney-in-Fact for David J. Lee	02/02/2026
	** 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).
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FAQ

What insider transaction did WEBTOON (WBTN) report for David J. Lee?

WEBTOON reported that officer and director David J. Lee had 3,018 common shares withheld on 02/01/2026. The issuer withheld these shares to satisfy income tax obligations tied to vested equity awards, and the transaction did not represent a market sale by Lee.

What does transaction code F mean in the WEBTOON (WBTN) Form 4?

Transaction code F indicates shares were withheld to pay taxes on equity award vesting. In this case, 3,018 WEBTOON common shares were withheld by the issuer at $12.09 per share to satisfy income tax and remittance obligations, rather than sold by the reporting person.

How many WEBTOON (WBTN) shares does David J. Lee own after this transaction?

After the reported withholding, David J. Lee directly owns 243,753 shares of WEBTOON common stock. This figure reflects his beneficial ownership following the 3,018 shares withheld by the issuer to cover income tax obligations related to vested equity awards.

Was the WEBTOON (WBTN) Form 4 transaction a sale by David J. Lee?

No, the filing states the transaction does not represent a sale by David J. Lee. The 3,018 shares were withheld by WEBTOON to meet income tax withholding and remittance obligations connected to the vesting and net settlement of his previously reported equity awards.

What roles does David J. Lee hold at WEBTOON (WBTN) in this Form 4?

David J. Lee is identified as a director and officer of WEBTOON Entertainment Inc. The remarks specify he serves as Chief Financial Officer, Chief Operating Officer, and Director, highlighting his senior leadership and governance responsibilities at the company.

How was the price determined for the 3,018 WEBTOON (WBTN) shares withheld?

The Form 4 reports a price of $12.09 per share for the 3,018 withheld shares. This price is used to calculate the value of shares retained by the issuer to satisfy income tax withholding obligations tied to the vesting of the reporting person’s equity awards.