Mo Michael 4
4 · KULR Technology Group, Inc. · Filed May 24, 2024
Insider Transaction Report
Form 4
Mo Michael
DirectorCEO & Chairman of the Board
Transactions
- Award
Common Stock
2024-05-22+286,230→ 21,441,340 total
Footnotes (2)
- [F1]Effective May 23, 2024, the Compensation Committee of the Board of Directors of KULR Technology Group, Inc. (the "Company") approved a modification to the compensation arrangement for the reporting person, Michael Mo, the Chief Executive Officer ("CEO") of the Company. Pursuant to the modification, the CEO voluntarily agreed to a reduction in the cash component of his compensation by $112,344. In lieu of the reduced cash compensation, the CEO was issued restricted stock units of the Company for 286,230 shares of common stock. The shares will only vest after one year. The number of such restricted stock units was determined by dividing $112,344 by the closing price of the Company's common stock on May 22, 2024.
- [F2]The beneficial ownership set forth in Column 5 includes the shares underlying the restricted stock units, even though they are not expected to vest within 60 days of this Form 4.