Michael Mo - 26 Jan 2024 Form 4 Insider Report for KULR Technology Group, Inc. (KULR)

Role: CEO & Chairman of the Board, Director, 10%+ Owner
Signature: /s/ Michael Mo
Issuer symbol: KULR
Transactions as of: 26 Jan 2024
Transactions value $: $0
Form type: 4
Filing time: 26 Jan 2024, 17:20:13 UTC
Previous filing: 15 Sep 2023
Next filing: 24 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KULR	Series A Preferred Stock	Other	$0	+730K		$0.00	730K	26 Jan 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Company issued 730,000 shares of Non-Convertible Series A Voting Preferred Stock to the Chairman and Chief Executive Officer, Michael Mo, in accordance with a resolution passed by the Company's Board of Directors (the "Board") and the prior approval of the majority stockholders of the Company. This issuance is part of a strategic initiative to reinforce and enhance the Company's flexibility to optimize its negotiating position in any potential current and/or future engagements with commercial, financial, and/or strategic parties, and to provide defenses against potential hostile third-party actions.

Content

The Company issued 730,000 shares of Non-Convertible Series A Voting Preferred Stock to the Chairman and Chief Executive Officer, Michael Mo, in accordance with a resolution passed by the Company's Board of Directors (the "Board") and the prior approval of the majority stockholders of the Company. This issuance is part of a strategic initiative to reinforce and enhance the Company's flexibility to optimize its negotiating position in any potential current and/or future engagements with commercial, financial, and/or strategic parties, and to provide defenses against potential hostile third-party actions.