Mo Michael 4
4 · KULR Technology Group, Inc. · Filed Nov 1, 2022
Insider Transaction Report
Form 4
Mo Michael
DirectorCEO & Chairman of the Board
Transactions
- Award
Common Stock
2022-11-01+1,500,000→ 0 total - Disposition to Issuer
Non-Qualified Stock Option
2022-11-01−1,500,000→ 0 totalExercise: $2.60→ Common Stock (1,500,000 underlying)
Footnotes (2)
- [F1]On November 1, 2022, pursuant to a Restricted Stock Unit Agreement by and between the Issuer and Mr. Mo, the Issuer granted to Mr. Mo 1,500,000 restricted stock units of the Issuer's shares of common stock to vest in four equal annual installments and which restricted stock units are subject to delayed settlement provisions.
- [F2]On June 10, 2021, pursuant to a Non-Qualified Stock Option Agreement by and between the Issuer and Mr. Mo, the Issuer granted Mr. Mo a five year, non-qualified stock option grant to purchase up to 1,500,000 shares of the Company's common stock at a purchase price equal to $2.60 per share, which were scheduled to vest in increments upon the Issuer's achievement of various market capitalization milestones. On November 1, 2022 the Board of Directors of the Issuer approved the termination of the non-qualified stock option. Since its issuance, none of the shares subject to this terminated option vested.