Mo Michael 4

What Happened
Mo Michael, CEO and Chairman of KULR Technology Group (KULR), had shares withheld to satisfy tax withholding obligations tied to the net settlement of previously granted restricted stock units (RSUs). Two withholding events on 2026-01-21 covered: 31,557 shares at $2.96 each (≈ $93,409) and 20,156 shares at $4.18 each (≈ $84,252), for a combined total of 51,713 shares and roughly $177,661. The Form 4 reports these as dispositions but a filing footnote clarifies they were share-withholdings for taxes, not open-market sales.

Key Details

• Transaction date: 2026-01-21. Prices and amounts: 31,557 shares @ $2.96 (≈ $93,409); 20,156 shares @ $4.18 (≈ $84,252).
• Total shares withheld: 51,713; total value ≈ $177,661.
• Shares owned after transaction: not disclosed in the provided excerpt.
• Notable footnotes: F1 — shares were withheld to satisfy income tax withholding in connection with RSU net settlement (not a sale); F2/F3 — reference previous closing/vesting prices and do not indicate sales; F4 — amounts adjusted for a one-for-eight reverse split (6/23/2025) and to include previously omitted RSU shares.
• Filing timeliness: Form filed 2026-01-26 for transactions on 2026-01-21 — appears to be late relative to the two-business-day Form 4 reporting requirement.

Context
This was a routine net-settlement/tax-withholding event for vested RSUs (a common practice where the company retains shares to cover taxes). These withholdings do not represent an insider selling shares on the open market and therefore are generally not interpreted as a bearish signal. The reverse split adjustment (F4) and omitted-RSU correction explain part of the reported share amounts.