Lee David J. 4

What Happened
David J. Lee, Chief Financial Officer and Director of WEBTOON Entertainment, had 9,686 shares withheld by the company on 2026-04-12 to satisfy income tax withholding related to the vesting and net settlement of his equity awards. The withholding price was $11.12 per share, for an aggregate value of $107,708. The filing notes these withheld shares were retained by the issuer to cover tax obligations and “does not represent a sale by the Reporting Person.”

Key Details

• Transaction date: 2026-04-12; filed on Form 4 on 2026-04-13 (timely).
• Transaction type/code: F — shares withheld for tax withholding in connection with award vesting.
• Shares withheld: 9,686 at $11.12 per share; total value $107,708.
• Shares owned after transaction: Not specified in this filing.
• Footnote: F1 clarifies the shares were withheld by the issuer to satisfy income tax withholding and do not constitute a sale by the reporting person. The underlying awards were previously reported on a Form 3.

Context
This was a routine net-settlement/tax-withholding action tied to equity vesting, not an open-market sale or purchase. Such withholdings are standard and generally don’t signal a change in insider sentiment about the company; they simply fulfill tax obligations when awards vest.