Mo Michael 4
4 · KULR Technology Group, Inc. · Filed Jan 26, 2024
Insider Transaction Report
Form 4
Mo Michael
DirectorCEO & Chairman of the Board
Transactions
- Other
Series A Preferred Stock
2024-01-26+730,000→ 730,000 total
Footnotes (1)
- [F1]The Company issued 730,000 shares of Non-Convertible Series A Voting Preferred Stock to the Chairman and Chief Executive Officer, Michael Mo, in accordance with a resolution passed by the Company's Board of Directors (the "Board") and the prior approval of the majority stockholders of the Company. This issuance is part of a strategic initiative to reinforce and enhance the Company's flexibility to optimize its negotiating position in any potential current and/or future engagements with commercial, financial, and/or strategic parties, and to provide defenses against potential hostile third-party actions.