WEBTOON Entertainment (WBTN) director has 9,463 shares withheld for tax obligations

Rhea-AI Filing Summary

WEBTOON Entertainment Inc. director and officer David J. Lee reported a routine tax-related share withholding. On July 12, 2026, 9,463 shares of common stock were withheld by the company at $11.54 per share to satisfy income tax obligations upon vesting and net settlement of equity awards, leaving Lee with 221,586 shares held directly. A footnote clarifies this tax-withholding disposition does not represent an open-market sale by Lee.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Lee David J.

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	9,463	$11.54	$109K

Holdings After Transaction: Common Stock — 221,586 shares (Direct)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 9,463 shares Per-share value for withholding: $11.54 per share Shares held after transaction: 221,586 shares +1 more

4 metrics

Shares withheld for taxes 9,463 shares Common stock withheld on July 12, 2026 to satisfy income tax obligations

Per-share value for withholding $11.54 per share Value applied to the 9,463 withheld shares of common stock

Shares held after transaction 221,586 shares Direct common stock holdings of David J. Lee following the tax-withholding disposition

Tax-withholding transactions 1 transaction Single tax-withholding disposition reported in this Form 4

Key Terms

tax-withholding disposition, net settlement, equity awards, income tax withholding and remittance obligations

4 terms

tax-withholding disposition financial

"Represents shares that have been withheld by the Issuer to satisfy income tax withholding"

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.

net settlement financial

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

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 and remittance obligations financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/13/2026 - 06:18 PM Accepted by SEC EDGAR 07/13/2026 - 06:17 PM Learn about SEC filing dates

FAQ

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

David J. Lee reported a tax-withholding disposition of 9,463 WEBTOON common shares. The issuer withheld these shares at $11.54 each to cover income tax obligations from vesting equity awards, and the filing notes this was not a sale by Lee.

How many WEBTOON (WBTN) shares were withheld for taxes in this Form 4?

A total of 9,463 common shares were withheld to cover taxes. The issuer applied a value of $11.54 per share in connection with the vesting and net settlement of the reporting person’s equity awards.

Does the WEBTOON (WBTN) Form 4 show that David J. Lee sold shares?

No, the Form 4 states the transaction does not represent a sale by David J. Lee. Shares were withheld by WEBTOON solely to satisfy income tax withholding and remittance obligations tied to vesting equity awards.

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

After the tax-withholding disposition, David J. Lee directly holds 221,586 WEBTOON common shares. This post-transaction balance shows his continuing equity position following the vesting and related tax withholding event.

What was the per-share value used for the WEBTOON (WBTN) tax-withholding shares?

The withheld shares were valued at $11.54 per share. This value was used to determine the number of shares (9,463) needed to satisfy the reporting person’s income tax withholding and remittance obligations on the vested equity awards.

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)
07/12/2026

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	07/12/2026		F(1)		9,463	D	$11.54	221,586	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	07/13/2026
	** 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)