WEBTOON Entertainment Inc
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
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Item 9B. Other Information
During the three months ended December 31, 2024, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted orterminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act or any “non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K.
Restricted Stock Unit Grants
On March 7, 2025, the Board approved a grant of 22,802 restricted stock units (“RSUs”) to Chankyu Park pursuant to the Company’s 2024 Omnibus Incentive Plan. The RSUs granted to Mr. Park vest 30% upon each of March 15, 2025 and March 15, 2026 with the remaining 40% vesting on March 15, 2027, subject to Mr. Park’s continued employment through each applicable vesting date. Upon the termination of Mr. Park’s employment with the Company, any portion of such RSUs that is not vested as of the date of termination shall automatically expire. The foregoing description of the terms of the RSUs does not purport to be complete and is qualified in its entirety by reference to the Form of Restricted Stock Unit Agreement under the 2024 Omnibus Incentive Plan filed as Exhibit 10.26 hereto and incorporated by reference herein.
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