Michael Mo - Nov 1, 2022 Form 4 Insider Report for KULR Technology Group, Inc. (KULR)

Role
CEO & Chairman of the Board, Director
Signature
/s/ Michael Mo
Stock symbol
KULR
Transactions as of
Nov 1, 2022
Transactions value $
$0
Form type
4
Date filed
11/1/2022, 05:24 PM
Previous filing
Dec 30, 2021
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KULR Common Stock Award $0 +1.5M $0.00* 0 Nov 1, 2022 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
transaction KULR Non-Qualified Stock Option Disposed to Issuer -1.5M -100% 0 Nov 1, 2022 Common Stock 1.5M $2.60 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.