Lee David J. 4

What Happened
David J. Lee — Chief Financial Officer, Chief Operating Officer and Director of WEBTOON Entertainment (WBTN) — had 3,018 shares withheld by the company on 2026-02-01 to satisfy income tax withholding related to the vesting/net settlement of equity awards. The withholding was recorded at $12.09 per share for a total of approximately $36,488. This was reported as a disposition under code F (tax withholding) and the filing clarifies this is not a sale by the Reporting Person.

Key Details

• Transaction date: 2026-02-01; Filing date: 2026-02-02 (timely filing).
• Price per share: $12.09; Shares withheld: 3,018; Total value: ~$36,488.
• Transaction code: F (shares withheld to satisfy tax liability).
• Footnote: Issuer withheld shares to meet income tax withholding/remittance obligations in connection with vesting/net settlement of previously reported equity awards; not a sale by the insider.
• Shares owned after transaction: not specified in the provided filing.

Context
This was a routine tax-withholding (net settlement) related to equity award vesting — a common administrative disposition where the company retains shares to cover taxes. Such withholdings are not typically interpreted as an insider selling shares for investment reasons and do not by themselves signal management sentiment.