KULR Technology Group, Inc. — Director's Dealing 2022

Nov 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KULR Technology Group, Inc. (KULR)
CIK: 0001662684
Period of Report: 2022-11-01

Reporting Person: Mo Michael (Director, CEO & Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-01	Common Stock	A	1500000	—	Acquired	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-01	Non-Qualified Stock Option	$2.60	D	1500000	Disposed		Common Stock (1500000)	Direct

Footnotes

F1: On November 1, 2022, pursuant to a Restricted Stock Unit Agreement by and between the Issuer and Mr. Mo, the Issuer granted to Mr. Mo 1,500,000 restricted stock units of the Issuer's shares of common stock to vest in four equal annual installments and which restricted stock units are subject to delayed settlement provisions.

F2: On June 10, 2021, pursuant to a Non-Qualified Stock Option Agreement by and between the Issuer and Mr. Mo, the Issuer granted Mr. Mo a five year, non-qualified stock option grant to purchase up to 1,500,000 shares of the Company's common stock at a purchase price equal to $2.60 per share, which were scheduled to vest in increments upon the Issuer's achievement of various market capitalization milestones. On November 1, 2022 the Board of Directors of the Issuer approved the termination of the non-qualified stock option. Since its issuance, none of the shares subject to this terminated option vested.