WEBTOON Entertainment Inc.: CFO and director Lee David J. sold 9,485 shares

What happened Lee David J., chief financial officer and director, had 9,485 shares disposed under code F (payment of exercise price or tax liability) at $10.40 per share, totaling $98,644, reported on Oct 12, 2026. The footnote says these shares were withheld by the issuer to satisfy income tax withholding and remittance obligations related to previously reported equity awards.

Key details

• Transaction date and price: Oct 12, 2026; 9,485 shares at $10.40 per share.
• Total value reported: $98,644.
• Shares owned after the transaction: not stated in the filing.
• Footnote: shares were withheld by the issuer to satisfy income tax withholding and remittance obligations for vested/net-settled awards and do not represent a sale by the reporting person.
• Filing date and timeliness: Form 4 filed Oct 13, 2026; not marked late.

Why it may matter

• This filing shows shares were withheld to cover tax obligations tied to equity award vesting/net settlement, not a confirmed market sale by the reporting person.
• For derivative transactions, the Form 4 reports the withholding as code F (tax/payment) rather than a purchase or gift. A filing does not show why the insider traded or why the company acted.