KULR Technology Group (KULR) CEO withholds shares for RSU taxes
Rhea-AI Filing Summary
KULR Technology Group CEO and Chairman Michael Mo reported automatic share withholdings to cover taxes on vested equity awards. On January 21, 2026, the company withheld 31,557 shares of Common Stock at a reference price of $2.96 per share and 20,156 shares of Common Stock at a reference price of $4.18 per share. Both transactions were coded "F," meaning they relate to tax withholding on restricted stock units (RSUs) under the company’s equity incentive plan and are explicitly described as not representing sales into the market.
After these withholdings, Mo directly beneficially owned 3,054,399 shares of KULR Common Stock. The filing notes this amount reflects a one-for-eight reverse stock split effective June 23, 2025 and now includes shares underlying previously granted RSUs that had been omitted from the reported total.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 31,557 | $2.96 | $93K |
| Tax Withholding | Common Stock | 20,156 | $4.18 | $84K |
Footnotes (1)
- Represents the number of shares of Common Stock that were withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of restricted stock units ("RSUs") previously granted under the Issuer's equity incentive plan and does not represent a sale. Represents the previous closing price of the Issuer's Common Stock on the date the RSU first became eligible for settlement and does not represent a sale. Represents the previous closing price of the Issuer's Common Stock on the vesting date and does not represent a sale. Amount has been adjusted pursuant to a one-for-eight reverse stock split effected on June 23, 2025 and to include shares underlying previously granted restricted stock units that were previously omitted from this amount.
FAQ
What insider transaction did KULR (KULR) report for CEO Michael Mo?
The filing shows that CEO and Chairman Michael Mo had KULR Common Stock withheld by the company on January 21, 2026 to satisfy income tax obligations tied to vested restricted stock units (RSUs). These withholdings are coded as transaction type "F" and are specifically described as not representing sales.
Do the KULR Form 4 transactions represent open-market sales by Michael Mo?
The disclosure states that the reported share movements do not represent sales. Instead, they are shares withheld by KULR to satisfy income tax withholding and remittance obligations arising from the net settlement and vesting of restricted stock units granted under the company’s equity incentive plan.
What do the prices $2.96 and $4.18 represent in Michael Mo’s KULR Form 4?
The footnotes explain that $2.96 per share is the previous closing price of KULR’s Common Stock on the date the RSUs first became eligible for settlement, and $4.18 per share is the previous closing price on the vesting date. Both are reference prices used in the RSU tax-withholding calculations and are not sale prices.