WEBTOON (WBTN) CFO David J. Lee Withholds 2,954 Shares for Taxes

What Happened
David J. Lee, Chief Financial Officer and Director of WEBTOON Entertainment (WBTN), had 2,954 shares withheld on August 1, 2026 to satisfy tax withholding obligations tied to vested equity awards. The withholding was recorded at $9.12 per share for a total of $26,940. This filing reports a disposition code F (tax withholding/net settlement) and does not represent an open-market sale by the insider.

Key Details

• Transaction date: 2026-08-01; Filing date: 2026-08-03 (appears filed within the typical two-business-day window).
• Shares withheld: 2,954; Price per share: $9.12; Total value reported: $26,940.
• Transaction code: F (shares withheld to satisfy income tax withholding in connection with vesting/net settlement).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The withheld shares were remitted by the issuer to cover tax obligations and "does not represent a sale by the Reporting Person." The awards were previously reported on a Form 3.

Context: This was a routine tax-withholding/net-settlement event following vesting of equity awards (a "cashless" or net settlement type action). Such withholdings are administrative and do not necessarily indicate insider sentiment about the company's stock.