Lee In Ku 4

What Happened
Lee In Ku, EVP and General Counsel of Kennedy‑Wilson Holdings (KW), recorded a disposition of 352,598 common shares on 2026-06-16. Under the merger agreement, each outstanding share was converted into the right to receive $10.90 in cash, so the shares were effectively cashed out for approximately $3,843,318.20. This was a disposition to the issuer as part of the company’s merger, not an open‑market sale.

Key Details

• Transaction date: 2026-06-16 (Effective Time of the merger).
• Consideration: $10.90 per share under the Merger Agreement → total ≈ $3,843,318.20 (footnote). Filing lists disposition price as N/A because shares were converted in the merger.
• Shares disposed: 352,598. Shares of common stock were automatically converted at the Effective Time, so the reporting person no longer holds those common shares.
• RSUs: All outstanding RSUs were canceled at the Effective Time; the reporting person is entitled only to any accrued dividend equivalents (per footnote).
• Filing timing: Reported on 2026-06-16 (same day as the transaction reported).

Context
This disposition was a cash-out tied to the company’s merger (Merger Sub merged into the issuer and the issuer became a wholly owned subsidiary of the buyer). Such merger-related conversions are routine corporate actions and differ from insider open‑market sales; they represent contract consideration under the Merger Agreement rather than a signal of personal trading intent.