WEBTOON withholds 9,485 CFO shares for taxes

Rhea-AI Filing Summary

WEBTOON Entertainment Inc. (WBTN) reported that its Chief Financial Officer and Director, David J. Lee, had 9,485 shares of common stock withheld by the issuer on October 12, 2026, to satisfy income tax withholding and remittance obligations connected with vesting and net settlement of previously reported equity awards. The transaction was not a sale by Lee. His reported direct holdings after the transaction were 209,147 shares.

Insider Trade Summary

Tax Withholding: 9,485 shares

Tax Withholding 1 txn

Insider Lee David J.

Role See Remarks

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	9,485	$10.40	$99K

Holdings After Transaction: Common Stock — 209,147 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: 9,485 shares Reported transaction price: $10.40 per share Direct holdings after transaction: 209,147 shares

3 metrics

Shares withheld 9,485 shares Common Stock on October 12, 2026

Reported transaction price $10.40 per share Common Stock transaction on October 12, 2026

Direct holdings after transaction 209,147 shares David J. Lee's reported position

Key Terms

net settlement, income tax withholding, vesting

3 terms

net settlement financial

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

income tax withholding financial

"income tax withholding and remittance obligations"

vesting financial

"in connection with the vesting and net settlement"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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How many WBTN shares were withheld from David J. Lee?

WEBTOON's Chief Financial Officer and Director, David J. Lee, had 9,485 shares of common stock withheld by the issuer on October 12, 2026, for income tax withholding and remittance obligations tied to vesting and net settlement of previously reported equity awards; the footnote says this was not a sale by him.

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

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Available on EDGAR 10/13/2026 - 06:08 PM EDT Accepted by SEC EDGAR 10/13/2026 - 06:08 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)

222 N. PACIFIC COAST HIGHWAY

SUITE 2300

(Street)

EL SEGUNDO CALIFORNIA 90245

(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)
10/12/2026

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	10/12/2026		F(1)		9,485	D	$10.4	209,147	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	10/13/2026
	** 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)