Form 4: KULR Technology Group CFO Settles Restricted Stock Units for Tax Obligations
SEC Form 4 Filing
Shawn Canter, CFO of KULR Technology Group, had shares withheld to cover income tax obligations related to the vesting of restricted stock units.
Summary
- On March 31, 2025, Shawn Canter, the CFO of KULR Technology Group, had 99,857 shares of common stock withheld by the issuer to satisfy income tax obligations related to the net settlement of restricted stock units (RSUs).
- The withholding occurred at a price of $1.46 per share.
- Following the transaction, Canter directly owns 500,143 shares of KULR Technology Group.
- The reported holdings exclude unvested portions of RSUs granted on March 31, 2023 (1,500,000 RSUs vesting through March 31, 2028) and January 16, 2025 (1,500,000 RSUs vesting through January 16, 2029).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| March 31, 2023 | Original grant date of 1,500,000 RSUs vesting in five equal annual installments through March 31, 2028. |
| January 16, 2025 | Original grant date of 1,500,000 RSUs vesting in four equal annual installments through January 16, 2029. |
| March 31, 2025 | Date of transaction where 99,857 shares were withheld for tax obligations. |
| April 02, 2025 | Date of signature on the Form 4 filing. |
Keywords
KULR Technology Group, Shawn Canter, CFO, Form 4, Restricted Stock Units, RSUs, Beneficial Ownership, Tax Withholding, Equity Incentive Plan
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.