Junkoo Kim - 26 Jun 2024 Form 3 Insider Report for WEBTOON Entertainment Inc. (WBTN)

Role
Founder, CEO and Chairman of the Board, Director
Signature
/s/ Maximilian Jo as Attorney-in-Fact for the Reporting Person
Issuer symbol
WBTN
Transactions as of
26 Jun 2024
Net transactions value
$0
Form type
3
Filing time
26 Jun 2024, 18:54:55 UTC
Next filing
20 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WBTN Common Stock 882,474 26 Jun 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding WBTN Option 26 Jun 2024 Common Stock 3,461,670 $11.03 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities represent restricted stock units ("RSUs") which each entitle the Reporting Person to receive one share of common stock upon vesting. 438,030 of the RSUs will fully vest at the closing of the initial public offering of Common Stock of the Issuer (the "IPO"), and 444,444 of the RSUs will vest on January 1, 2025, assuming continued employment through each such date.
F2 The reported securities will fully vest at closing of the IPO, assuming continued employment through such date.

Remarks:

Founder, CEO and Chairman of the Board