WEBTOON Entertainment Inc. reported an insider ownership change involving David J. Lee, the company’s Chief Financial Officer and a director. The Form 4, filed on July 13, 2026, covers a transaction dated July 12, 2026, in the company’s common stock. The filing reports that 9,463 shares of WEBTOON common stock were withheld by the issuer at a price of $11.54 per share. Based on that reported price, the shares had an aggregate value of approximately $109,203. The transaction was not an open-market sale by Lee. Instead, the company withheld the shares to satisfy income tax withholding and remittance obligations connected with the vesting and net settlement of Lee’s equity awards. The explanatory note states that the underlying equity awards had previously been reported on a Form 3. This type of transaction is commonly reported on Form 4 as a tax-withholding disposition, rather than as a discretionary insider sale, because the shares are surrendered or withheld automatically to cover taxes due upon vesting. The filing was signed on Lee’s behalf by Maximilian Jo, acting as attorney-in-fact, on July 13, 2026. The provided filing text does not state Lee’s total beneficial ownership after the withholding transaction.