TLB Non-Registered Executive Ji Yong-su Sells Shares and Acquires Warrants from Rights Offering, Slight Reduction in Holdings

TLB Managing Director Ji Yong-su sold 6,700 common shares through open market sales from June 11 to 17, 2026 at an average price of approximately KRW 100,000 per share, and simultaneously received 6,396 warrants from a rights offering resolved by the board on April 10, 2026, resulting in a net decrease of 304 specific securities to 29,696.
His common share ownership ratio decreased from 0.31% to 0.24%, and exercise of the warrants could lead to further equity changes.
The rights offering allocates approximately 0.2132 new shares per existing share, potentially diluting total shares by about 21.3%, which may pressure existing shareholder value.
[AI Summary]TLB's non-registered executive slightly reduced his stake through a combination of insider sales and warrant acquisition from a rights offering. While the rights offering itself poses significant dilution risk to shareholders, the insider's personal transaction is small and has limited implications.