WEBTOON Entertainment (NASDAQ: WBTN) reports tax share withholding

Rhea-AI Filing Summary

WEBTOON Entertainment Inc. insider update: David J. Lee, who serves as Chief Financial Officer, Chief Operating Officer and Director of WEBTOON Entertainment Inc. (WBTN), reported a Form 4 transaction dated 01/12/2026. The filing shows that 10,311 shares of common stock were withheld by the company at a price of $13.80 per share to cover income tax withholding and remittance obligations tied to the vesting and net settlement of his previously reported equity awards. This event is specifically described as not a sale by Lee. After this withholding, he directly beneficially owns 246,771 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)
01/12/2026

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	01/12/2026		F(1)		10,311	D	$13.8	246,771	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	01/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does the latest WEBTOON (WBTN) Form 4 filing report?

The Form 4 reports that David J. Lee, an officer and director of WEBTOON Entertainment Inc., had 10,311 shares of common stock withheld by the company on 01/12/2026 to satisfy income tax withholding obligations related to the vesting and net settlement of his equity awards.

Did David J. Lee sell WEBTOON (WBTN) shares in this Form 4?

No. According to the footnote, the 10,311 shares were withheld by the issuer to cover tax obligations from equity award vesting and do not represent a sale by David J. Lee.

At what price were the WEBTOON (WBTN) shares withheld for taxes?

The Form 4 reports that the 10,311 common shares were withheld at a price of $13.80 per share in connection with tax withholding on equity award vesting.

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

Following the reported tax withholding transaction, David J. Lee is shown as directly beneficially owning 246,771 shares of WEBTOON common stock.

What is David J. Lee’s role at WEBTOON Entertainment Inc. (WBTN)?

The remarks section states that David J. Lee is Chief Financial Officer, Chief Operating Officer and Director of WEBTOON Entertainment Inc.

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

In this Form 4, the transaction code "F" is used for the withholding of 10,311 shares to satisfy income tax withholding obligations related to the vesting and net settlement of equity awards.