Form 4: KULR Technology Group President and COO Terry Keith Cochran Sells Shares to Cover Tax Obligations and Divorce Settlement

Terry Keith Cochran, President and COO of KULR Technology Group, sold shares of the company's common stock between June 4 and June 6, 2024, primarily to cover income tax obligations related to vested shares and to fulfill a divorce settlement agreement.

Summary

• Terry Keith Cochran, the President and COO of KULR Technology Group, sold shares of the company's common stock on June 4, 5, and 6, 2024.
• The sales were executed to cover income tax withholding and remittance obligations related to the vesting of 500,000 restricted shares on March 1, 2024.
• Additionally, a portion of the shares was sold to facilitate a division of assets related to a divorce settlement agreement.
• On June 4, 2024, Mr. Cochran sold 150,167 shares at an average price of $0.3143 per share, leaving him with 349,833 shares.
• On June 5, 2024, he sold 119,754 shares at an average price of $0.31 per share, leaving him with 230,079 shares.
• On June 6, 2024, Mr. Cochran sold 108,079 shares at an average price of $0.2909 per share, leaving him with 0 shares.
• The sales resulted in Mr. Cochran no longer directly owning shares, after accounting for a division of 122,000 shares to his former spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales for tax and divorce purposes, without indicating any fundamental change in the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for executives who receive stock-based compensation. The sales appear to be related to tax obligations and a divorce settlement, rather than a change in the executive's outlook on the company.

Stakeholder Impact

• The stock sales by an executive could create short-term selling pressure on the stock.

Key Dates