Key facts
- This page summarizes Michael Mo's Form 4 filing for KULR Technology Group, Inc. (KULR).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 24 May 2024, 21:30.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Award
Additional SEC filing notes
Footnote F1
Effective May 23, 2024, the Compensation Committee of the Board of Directors of KULR Technology Group, Inc. (the "Company") approved a modification to the compensation arrangement for the reporting person, Michael Mo, the Chief Executive Officer ("CEO") of the Company. Pursuant to the modification, the CEO voluntarily agreed to a reduction in the cash component of his compensation by $112,344. In lieu of the reduced cash compensation, the CEO was issued restricted stock units of the Company for 286,230 shares of common stock. The shares will only vest after one year. The number of such restricted stock units was determined by dividing $112,344 by the closing price of the Company's common stock on May 22, 2024.
Footnote F2
The beneficial ownership set forth in Column 5 includes the shares underlying the restricted stock units, even though they are not expected to vest within 60 days of this Form 4.