| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | KULR | Common Stock | Tax liability | -$229K | -175K | -35.6% | $1.31 | 317K | Mar 31, 2023 | Direct | F1, F2, F3 |
| 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. The second 500,000 share installment vested on March 1, 2023 ("Vested Shares"). On March 31, 2023, and effective as of March 1, 2023, the Issuer withheld and cancelled 175,000 shares of Common Stock to satisfy income tax withholding and remittance obligations in connection with the net settlement of 325,000 Restricted Shares. The withholding and cancellation of the 175,000 shares does not represent a sale. |
| F2 | Does not represent a sale. Represents the closing price per share of the Issuer's Common Stock on the trading day prior to the March 1, 2023 effective date of the share cancellation to satisfy income tax withholding and remittance obligations. |
| F3 | Represents (i) 155,947 shares after giving effect to a decrease of 117,548 shares from the total 273,495 shares previously reported on the Reporting Person's prior Form 4 following a division of property with the Reporting Person's former spouse pursuant to a pre-divorce agreement; (ii) a decrease of 1,840 shares from the total 273,495 shares previously reported on the Reporting Person's prior Form 4 following a sale that was triggered by a good til cancel order placed on shares the Reporting Person purchased prior to becoming employed by the Issuer; and (iii) an increase of 162,500 shares after giving effect to (x) the withholding of 175,000 shares from the Vested Shares to satisfy income tax withholding and remittance obligations; and (y) a decrease of 162,500 shares after giving effect to a division of the Vested Shares with the Reporting Person's former spouse pursuant to a pre-divorce agreement. |