Form 4: KULR CFO Canter Reports RSU Tax Withholding

KULR Technology Group's Chief Financial Officer, Shawn Canter, reported the withholding of 16,170 shares of common stock to cover tax obligations from restricted stock unit vesting.

Summary

• Shawn Canter, Chief Financial Officer and Director of KULR Technology Group, Inc., reported a transaction on January 21, 2026.
• The transaction involved the disposition of 16,170 shares of KULR Common Stock.
• These shares were withheld by the Issuer to satisfy income tax withholding and remittance obligations in connection with the net settlement of previously granted restricted stock units (RSUs) under the Issuer's equity incentive plan.
• This event does not represent a sale by Mr. Canter.
• The price per share used for the tax calculation was $4.18, which represents the previous closing price of the Issuer's Common Stock on the vesting date.
• Following this transaction, Mr. Canter beneficially owns 346,347 shares of Common Stock.
• The reported amount of beneficially owned shares 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.

Sentiment

Score: 6

Explanation: Slightly positive. While a disposition of shares, it is for tax purposes related to RSU vesting, which is a positive compensation event for the executive. It is a routine, non-discretionary transaction.

Positives

• The underlying event is the vesting of Restricted Stock Units (RSUs), which represents a form of compensation for the executive.
• The transaction is a standard tax withholding procedure, not a discretionary sale by the insider, indicating a routine administrative event.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This Form 4 filing reports a routine insider transaction related to executive compensation and tax obligations, which does not directly reflect broader industry trends or competitive dynamics. It is a standard disclosure for public companies regarding executive equity holdings.

Comparison to Industry Standards

• This is a standard Form 4 filing for an insider transaction involving RSU vesting and tax withholding.
• Such transactions are common across all industries for executives receiving equity compensation and are in line with typical corporate governance practices for managing tax liabilities on vested equity.
• No specific comparable companies or projects are relevant for this type of routine disclosure.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes related to executive compensation.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

KULR Technology Group, KULR, Shawn Canter, Form 4, Insider Transaction, Restricted Stock Units, RSU, Tax Withholding, Beneficial Ownership, CFO, Director, Equity Incentive Plan, Reverse Stock Split