Massey Joanna D. was granted 155,000 shares, increasing direct ownership by 230% to 222,500 units (SEC Form 4)
$KULR
Electrical Products
Technology
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
KULR Technology Group, Inc. [ KULR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/12/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 04/12/2024 | 04/15/2024 | A(1) | 15,000(1) | A | $0(1) | 82,500 | D | ||
| Common Stock | 04/12/2024 | 04/15/2024 | A(2) | 140,000(2) | A | $0(2) | 222,500(3) | D | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. On April 12, 2024, KULR Technology Group, Inc. (the "Company") approved the issuance, effective April 15, 2024, to Dr. Joanna Massey, as board compensation, 15,000 shares of the Company's common stock, being shares of common stock awarded as equity incentive compensation for her year to date services, through March 31, 2024, as the Company's non-executive director. |
| 2. On April 12, 2024, the Company issued Dr. Massey, as board compensation, restricted stock units of common stock of the Company, effective April 15, 2024. These shares vest in four equal quarterly installments, of which 35,000 shares will vest on June 30, 2024, and 35,000 shares will vest quarterly thereafter. The vesting of shares is subject to Dr. Massey's continued services with the Company. |
| 3. Reflects (i) 20,000 restricted shares of the Company's common stock granted to the reporting person, on June 7, 2021, the effective date of the reporting person's appointment as a director of the Company, which shares previously vested; (ii) 10,000 shares of common stock previously acquired, (iii) 37,500 shares underlying an equity incentive grant issued, on November 1, 2022, as Board compensation, which shares previously vested; (iv) 15,000 shares of the Company's common stock, being reported on this Form 4; and (v) 140,000 shares underlying an equity incentive grant issued, effective April 15, 2024, as Board compensation, of which 35,000 shares will vest on June 30, 2024, and the remainder of the shares will vest quarterly thereafter. |
| /s/ Joanna D. Massey | 04/12/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||