WEBTOON director has shares withheld for taxes

WEBTOON Entertainment Inc. director and officer David J. Lee had 9,686 shares of Common Stock withheld on April 12, 2026 to cover income tax obligations tied to vesting equity awards.

Rhea-AI Filing Summary

WEBTOON Entertainment Inc. director and officer David J. Lee had 9,686 shares of Common Stock withheld on April 12, 2026 to cover income tax obligations tied to vesting equity awards. The shares were withheld by the company and the transaction is not an open-market sale. After this tax-withholding disposition, Lee directly holds 234,067 shares of WEBTOON Entertainment Inc. common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 9,686 shares

Exercise Price or Tax Liability 1 txn

Insider Lee David J.

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	9,686	$11.12	$108K

Holdings After Transaction: Common Stock — 234,067 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: 9,686 shares Per-share value for withholding: $11.12 per share Shares held after transaction: 234,067 shares

3 metrics

Shares withheld for taxes 9,686 shares Common Stock withheld on April 12, 2026 for tax obligations

Per-share value for withholding $11.12 per share Assigned value for 9,686 withheld shares

Shares held after transaction 234,067 shares Direct Common Stock holdings after tax-withholding disposition

Key Terms

Form 4, equity awards, income tax withholding, net settlement, +1 more

5 terms

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.

equity awards financial

"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.

income tax withholding financial

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

net settlement financial

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

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.

FAQ

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

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

WEBTOON reported that David J. Lee had 9,686 shares of Common Stock withheld to satisfy income tax obligations. The withholding occurred in connection with vesting and net settlement of previously granted equity awards, rather than an open-market share sale.

Was the WEBTOON (WBTN) Form 4 transaction an insider sale of shares?

No, the Form 4 explicitly states the 9,686 shares represent withholding for income tax and remittance obligations. The footnote clarifies this event does not represent a sale by David J. Lee on the open market or through discretionary trading.

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

After the tax-withholding transaction, David J. Lee directly holds 234,067 shares of WEBTOON Entertainment Inc. Common Stock. This figure reflects his position following the share withholding related to the vesting and net settlement of his equity awards.

What price per share is reported in the WEBTOON (WBTN) Form 4 transaction?

The Form 4 lists a value of $11.12 per share for the 9,686 withheld shares. This price is used to calculate the value of shares applied toward David J. Lee’s income tax withholding and remittance obligations related to his vesting equity awards.

Why did WEBTOON (WBTN) withhold shares from David J. Lee’s equity awards?

The company withheld 9,686 shares to satisfy David J. Lee’s income tax withholding and remittance obligations upon vesting and net settlement of equity awards. This is a common administrative mechanism to cover taxes without requiring a separate cash payment.

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

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Accepted by SEC EDGAR 04/13/2026 - 05:58 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^*

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)
04/12/2026

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	04/12/2026		F(1)		9,686	D	$11.12	234,067	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	04/13/2026
	** 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)