Michael Mo - Jan 16, 2025 Form 4 Insider Report for KULR Technology Group, Inc. (KULR)

Role
CEO & Chairman of the Board, Director, 10%+ Owner
Signature
/s/ Michael Mo
Stock symbol
KULR
Transactions as of
Jan 16, 2025
Transactions value $
$0
Form type
4
Date filed
1/17/2025, 04:54 PM
Previous filing
May 24, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KULR Common Stock Award $0 +2M +8.72% $0.00 24.9M Jan 16, 2025 Direct F1, F2
transaction KULR Series A Preferred Stock Other $0 +270K +36.99% $0.00 1M Jan 16, 2025 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective January 16, 2025, the Board of Directors ("Board") of KULR Technology Group, Inc. (the "Company"), at the recommendation of the Compensation Committee of the Board approved a restrict stock unit grant ("RSU") to Mr. Mo in the amount of 2,000,000 shares of the Company's common stock. The 2,000,000 shares are subject to vesting in four (4) equal annual installments with the first installment vesting on January 17, 2026. The beneficial ownership set forth in Column 5 includes the 2,000,000 shares underlying the grant described above and includes 22,941,340 shares of common stock, which consists of: (i) 19,755,110 shares held directly by Mr. Mo; (ii) 1,400,000 shares held jointly by Mr. Mo and his spouse; and (iii) RSU awards for an aggregate of 1,786,230 shares of the Company's common stock even though such RSUs are not all expected to settle within 60 days of this Form 4.
F2 The beneficial ownership set forth in Column 5 includes the shares underlying all RSUs held by Mr. Mo, even though they are not all expected to settle or vest within 60 days of this Form 4.
F3 The Company issued 270,000 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 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.