Terry Keith Cochran - Jun 4, 2024 Form 4 Insider Report for KULR Technology Group, Inc. (KULR)

Signature
/s/ Terry Keith Cochran
Stock symbol
KULR
Transactions as of
Jun 4, 2024
Transactions value $
-$115,761
Form type
4
Date filed
6/6/2024, 09:30 PM
Previous filing
Jan 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KULR Common Stock Sale -$47.2K -150K -30.03% $0.31 350K Jun 4, 2024 Direct F1, F2
transaction KULR Common Stock Sale -$37.1K -120K -34.23% $0.31 230K Jun 5, 2024 Direct F3
transaction KULR Common Stock Sale -$31.4K -108K -100% $0.29 0 Jun 6, 2024 Direct F4, F5
* 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. The third 500,000 share installment vested on March 1, 2024 ("Vested Shares"), which Vested Shares were delivered to the Reporting Person on June 3, 2024.
F2 On June 4, 2024, Mr. Cochran sold 150,167 shares of Issuer's common stock at an average price of $0.3143 per share. The sale of shares was to satisfy income tax withholding and remittance obligations in connection with the net settlement of 500,000 Vested Shares. The sale price represents the weighted average sale price for multiple transactions reported. Upon request by the Commission, the Issuer or the Reporting Person shall provide full information regarding the number of shares purchased at each separate price.
F3 On June 5, 2024, Mr. Cochran sold 119,754 shares of Issuer's common stock at an average price of $0.31 per share. The sale of shares was partly to satisfy the remainder of the tax withholding and remittance obligations. The sale price represents the weighted average sale price for multiple transactions reported. Upon request by the Commission, the Issuer or the Reporting Person shall provide full information regarding the number of shares purchased at each separate price.
F4 On June 6, 2024, Mr. Cochran sold 108,079 shares of Issuer's common stock at an average price of $0.2909 per share. The sale price represents the weighted average sale price for multiple transactions reported. Upon request by the Commission, the Issuer or the Reporting Person shall provide full information regarding the number of shares purchased at each separate price.
F5 Represents beneficial ownership after giving effect to an additional decrease of 122,000 shares reflecting a division of the Vested Shares with the Reporting Person's former spouse pursuant to a divorce settlement agreement.