Inside Director Jo Seong-hwan's Stake Increases Slightly Due to 1:3 Free Stock Issuance
Inside Director Jo Seong-hwan acquired 241,152 new common shares through a 1:3 free stock issuance, increasing his total holdings to 321,536 shares
Record date for free issuance: May 28, 2026; new shares to be delivered on June 22, 2026
Total outstanding shares increased fourfold from ~4.8M to 19,258,502 shares, but no dilution (proportional increase for all shareholders)
Reporter's ownership rose from 1.64% to 1.67% (+0.03pp) because treasury shares were excluded from the distribution, reducing the denominator
[AI Summary]This free stock issuance is neutral, proportionally maintaining existing stakes without dilution or extra capital. The slight increase in insider ownership may signal management commitment, but the price impact is limited.
KOSDAQ Filing Information
Filing: Report on Ownership of Specific Securities by Executives and Major Shareholders