Kim Yongsoo 4

What Happened Kim Yongsoo, President and Director of WEBTOON Entertainment (WBTN), had 12,053 shares withheld on 2026-05-28 to satisfy income tax withholding obligations tied to the vesting and net settlement of his equity awards. The filing shows a per-share value of $11.98, for a total of approximately $144,395. Although reported as a disposition on the Form 4, the reporting person did not execute an open-market sale.

Key Details

• Transaction date: 2026-05-28; Filing date: 2026-05-29 (timely).
• Reported amount: 12,053 shares × $11.98 = $144,395 (reported as "Disposed" under code F).
• Transaction code: F (tax withholding/net settlement).
• Footnote: Shares were withheld by the issuer to satisfy tax withholding and remittance obligations in connection with vesting; this does not represent a sale by the reporting person (per F1). The underlying awards were previously reported on a Form 3.
• Shares owned after the transaction: Not disclosed in the excerpt provided.

Context This is a routine tax-withholding/net-settlement event common when restricted stock or other equity awards vest. It differs from an open-market sale because the company withheld shares directly to cover taxes rather than the insider selling shares on the market; therefore it should not be interpreted as a directional trading signal.