Terry Keith Cochran - Mar 7, 2022 Form 4 Insider Report for KULR Technology Group, Inc. (KULR)

Role
President and COO
Signature
/s/ Terry Keith Cochran
Stock symbol
KULR
Transactions as of
Mar 7, 2022
Transactions value $
$680,810
Form type
4
Date filed
3/7/2022, 03:30 PM
Next filing
Apr 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KULR Common Stock Tax liability $1.12M +500K +833.33% $2.23 560K Mar 7, 2022 Direct F1
transaction KULR Common Stock Tax liability -$434K -195K -34.77% $2.23 365K Mar 7, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As previously reported, as compensation for his services as President and Chief Operating Officer of the Issuer, the Reporting Person was granted 2,000,000 Restricted Shares of the Issuer's Common Stock subject to four (4) equal yearly installments, with the first installment amount vesting on March 1, 2022 and annually thereafter.
F2 Represents the number of shares of Common Stock that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of Restricted Shares and does not represent a sale.