NAVER Non-Registered Executive Choe Seung-rak Acquires 500 Shares via Stock Option Exercise with Minimal Dilution Impact

Non-registered executive Choe Seung-rak exercised stock options on June 11, 2026, acquiring 500 common shares of NAVER at 131,000 KRW per share.
This increases his holdings from 1,338 to 1,838 shares, representing a mere 0.0003% of total outstanding shares of 156,944,242 with negligible dilution.
The exercise price of 131,000 KRW is approximately 46% below the current market price of 243,500 KRW, resulting in minor dilution for existing shareholders but with immaterial impact on overall shareholder value.
[AI Summary]This small-scale stock option exercise by non-registered executive Choe Seung-rak is part of executive compensation and does not affect stock price materially due to the minuscule number of shares relative to total outstanding. Dilution concerns for existing shareholders are minimal and not a decisive factor for investment decisions.