Sells $58.6M in Bitcoin; CFO receives 200,000 restricted stock units

KULR Technology Group, Inc. has announced the sale of its entire Bitcoin holdings, generating substantial proceeds. Between August 20, 2026, and September 11, 2026, the company sold approximately 764 Bitcoin through open market transactions. These sales resulted in aggregate gross proceeds of approximately $58.6 million, with an average sales price of approximately $76,633 per Bitcoin.

The company stated that these sales were part of its ongoing treasury management operations. As of the date of the report, KULR no longer holds any Bitcoin. The filing did not specify how the proceeds from the sale would be utilized or what the original cost basis of the Bitcoin holdings was.

In separate news, the Compensation Committee of KULR's Board of Directors approved a grant of 200,000 time-based restricted stock units (RSUs) to Michael Kimel, the company's Chief Financial Officer. This grant, effective September 10, 2026, falls under the KULR Technology Group, Inc. 2025 Equity Incentive Plan.

These RSUs will vest in eight equal semi-annual installments over a total period of four years. The first installment is scheduled to vest on December 6, 2026, with subsequent installments vesting every six months thereafter, contingent upon Mr. Kimel's continued employment with the company.