WEBTOON (WBTN) director has shares withheld to cover equity award taxes

Rhea-AI Filing Summary

WEBTOON Entertainment director and officer Kim Yongsoo had 1,964 shares of Common Stock withheld by the company on tax grounds. On this date, shares were withheld at a price of $9.21 per share to satisfy income tax obligations tied to the vesting and net settlement of previously granted equity awards. This was not an open-market sale, and followed the transaction Kim held 157,260 shares directly.

Insider Trade Summary

Net Seller: 1,964 shares

Net Sell 1 txn

Insider Kim Yongsoo

Role See Remarks

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,964	$9.21	$18K

Holdings After Transaction: Common Stock — 157,260 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 4, and does not represent a sale by the Reporting Person.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/16/2026 - 06:31 PM Learn about SEC filing dates

FAQ

What insider transaction did WEBTOON (WBTN) director Kim Yongsoo report?

Kim Yongsoo reported a tax-related share withholding, not an open-market trade. The issuer withheld 1,964 Common Stock shares to satisfy income tax obligations from vested equity awards, reducing administrative tax burden without indicating a discretionary buy or sell decision.

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

The filing shows 1,964 Common Stock shares were withheld. These shares were used to cover income tax withholding and remittance obligations upon vesting of equity awards, as noted in the footnote, and are classified as a tax-withholding disposition rather than a market sale.

At what price were WEBTOON (WBTN) shares withheld in the tax transaction?

The tax-withholding disposition used a per-share value of $9.21. This reference price applies to the 1,964 withheld shares in connection with the vesting and net settlement of previously granted equity awards, as disclosed in the Form 4 transaction details.

How many WEBTOON (WBTN) shares does Kim Yongsoo hold after this Form 4 transaction?

After the tax-withholding event, Kim Yongsoo directly holds 157,260 Common Stock shares. This post-transaction balance indicates the withholding represented a small portion of total holdings and was tied specifically to equity award vesting and related income tax obligations.

Does the WEBTOON (WBTN) Form 4 indicate an open-market sale by Kim Yongsoo?

No, the filing explicitly states the transaction does not represent a sale. Shares were withheld by the issuer to satisfy income tax withholding and remittance obligations related to vesting equity awards, rather than being sold on the open market by the reporting person.

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 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)
03/15/2026

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	03/15/2026		F(1)		1,964	D	$9.21	157,260	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 4, and does not represent a sale by the Reporting Person.

Remarks:

President and Director

	/s/ Maximilian Jo, as Attorney-in-Fact for Yongsoo Kim	03/16/2026
	** 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.