Webtoon Entertainment CFO David J. Lee disposed of 9,463 shares worth $109,203, but the transaction was non-discretionary and executed solely to cover income tax withholding obligations triggered by the vesting of equity awards. The sale represented just 4% of Lee's direct holdings, and he continues to hold 221,586 shares valued at $2.6 million. The filing comes as Webtoon shows improving profitability, with adjusted EBITDA jumping 132% to $9.5 million in the first quarter and net loss narrowing to $8.8 million from $22 million a year earlier. The company, which has a market capitalization of $1.6 billion and trailing-twelve-month revenue of $1.4 billion, aims to return to double-digit revenue growth by year-end.
WEBTOON Entertainment Inc. Common stockImproving profitability with EBITDA up 132% and narrowing net loss, plus CFO's share disposal was tax-related, not a market sale.