Kim Yongsoo 4

What Happened
Kim Yongsoo, President and Director of WEBTOON Entertainment (WBTN), had 1,964 shares withheld by the company to satisfy income tax withholding related to the vesting/net settlement of equity awards. The shares were withheld at $9.21 per share, totaling $18,088. This withholding is a tax-payment action and is not a sale by the reporting person.

Key Details

• Transaction date: 2026-03-15; Form 4 filed: 2026-03-16 (appears timely).
• Action: Tax withholding in connection with vesting/net settlement (transaction code F).
• Shares withheld: 1,964 at $9.21 per share; aggregate value $18,088.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: F1 clarifies these shares were withheld by the issuer to satisfy income tax withholding and remittance obligations and "does not represent a sale by the Reporting Person."

Context
This was a routine tax-withholding/net settlement related to vested equity (a cashless mechanism), not an open-market sale or purchase. Such withholdings are administrative and do not necessarily indicate insider buying or selling intent.