Chankyu Park - Jun 26, 2024 Form 3 Insider Report for WEBTOON Entertainment Inc. (WBTN)

Role
Chief Technology Officer
Signature
/s/ Maximilian Jo as Attorney-in-Fact for the Reporting Person
Stock symbol
WBTN
Transactions as of
Jun 26, 2024
Transactions value $
$0
Form type
3
Date filed
6/26/2024, 07:11 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WBTN Common Stock 103K Jun 26, 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 Jun 26, 2024 Common Stock 98.1K $22.50 Direct F2
holding WBTN Option Jun 26, 2024 Common Stock 49.5K $20.33 Direct F3
holding WBTN Option Jun 26, 2024 Common Stock 9K $32.30 Direct F4
holding WBTN Option Jun 26, 2024 Common Stock 10.1K $13.03 Direct F5
holding WBTN Option Jun 26, 2024 Common Stock 37.9K $11.03 Direct F6
* 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. The RSUs will vest in three installments of 30%, 30% and 40% on the first, second and third anniversary of the grant date, respectively, subject to continued employment through each vesting date.
F2 The reported securities will vest, assuming consummation of the Issuer's initial public offering (the "IPO"), on May 10, 2027, subject to continued employment through such date.
F3 The reported securities will vest, assuming consummation of the IPO, on November 22, 2026, subject to continued employment through such date.
F4 The reported securities will vest, assuming consummation of the IPO, on December 26, 2025, subject to continued employment through such date.
F5 The reported securities will vest, assuming consummation of the IPO, on October 7, 2024, subject to continued employment through such date.
F6 The reported securities will vest, assuming consummation of the IPO, subject to continued employment through such date.