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KULR Technology Group, Inc. — Director's Dealing 2024
May 25, 2024
33804_dirs_2024-05-24_74670f75-9002-49b1-8052-5c5a7a1ddb4f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KULR Technology Group, Inc. (KULR)
CIK: 0001662684
Period of Report: 2024-05-22
Reporting Person: Mo Michael (Director, CEO & Chairman of the Board, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-05-22 | Common Stock | A | 286230 | — | Acquired | 21441340 | Direct |
Footnotes
F1: Effective May 23, 2024, the Compensation Committee of the Board of Directors of KULR Technology Group, Inc. (the "Company") approved a modification to the compensation arrangement for the reporting person, Michael Mo, the Chief Executive Officer ("CEO") of the Company. Pursuant to the modification, the CEO voluntarily agreed to a reduction in the cash component of his compensation by $112,344. In lieu of the reduced cash compensation, the CEO was issued restricted stock units of the Company for 286,230 shares of common stock. The shares will only vest after one year. The number of such restricted stock units was determined by dividing $112,344 by the closing price of the Company's common stock on May 22, 2024.
F2: The beneficial ownership set forth in Column 5 includes the shares underlying the restricted stock units, even though they are not expected to vest within 60 days of this Form 4.