Lee David J. 4

What Happened

David J. Lee, Chief Financial Officer and Director of WEBTOON Entertainment Inc. (WBTN), had 3,018 shares withheld on May 1, 2026 to satisfy income tax withholding related to the vesting and net settlement of his equity awards. The withheld shares are reported at $13.24 each, for a total value of approximately $39,958. Per the filing footnote, this withholding was done by the issuer and "does not represent a sale by the Reporting Person."

Key Details

• Transaction date: 2026-05-01; withholding price: $13.24 per share; total value ≈ $39,958.
• Transaction type: F — shares withheld to cover tax liability (net settlement of vested awards).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 clarifies the shares were withheld by the issuer to satisfy income tax withholding and remittance obligations and are not a sale by the reporting person.
• Filing: Form 4 filed 2026-05-04; appears to be filed within the regulatory two-business-day window for reporting changes (timely).

Context

This was a routine tax-withholding/net-settlement action following equity vesting (not an open-market sale or a purchase). Such withholdings are common when restricted stock or net-settled awards vest and do not, by themselves, indicate a change in the insider’s investment sentiment.