Kim Kevin Sung 4

What Happened
Kevin Sung Kim (Chairman, President & CEO) disposed of shares to cover tax liabilities arising from the vesting of previously granted awards. On 2026-03-24 he surrendered 21,972 shares at $10.84 each (proceeds value reported as $238,176) and on 2026-03-25 he surrendered 13,390 shares at $11.05 each (reported as $147,960). In total 35,362 shares were disposed for tax withholding, totaling approximately $386,136. These were not open-market sales for cash gain but shares withheld to satisfy tax obligations.

Key Details

• Transaction dates and prices:
  • 2026-03-24: 21,972 shares @ $10.84 (disposed) — $238,176
  • 2026-03-25: 13,390 shares @ $11.05 (disposed) — $147,960
• Total shares disposed: 35,362; total reported value ≈ $386,136.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 — shares were disposed to satisfy the reporting person’s tax liability incurred by the vesting of a previously granted award (tax withholding).
• Filing/Timeliness: Form filed 2026-03-25 for transactions on 2026-03-24 and 2026-03-25 — appears to have been filed timely.

Context: This was a routine tax-withholding share disposition (transaction code F), effectively a cashless settlement/surrender of vested shares to cover taxes. Such withholding transactions are common after equity awards vest and do not necessarily indicate the insider’s broader view of the company’s stock.