SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Cochran Terry Keith

(Last)

(First)

(Middle)

C/O KULR TECHNOLOGY GROUP, INC.

4863 SHAWLINE STREET

(Street)

SAN DIEGO

92111

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
KULR Technology Group, Inc. [ KULR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and COO

3. Date of Earliest Transaction (Month/Day/Year)
10/28/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/28/2022		D⁽¹⁾		1,601⁽¹⁾	A	$2.2006	273,495⁽¹⁾	D
Common Stock	11/01/2022		D⁽²⁾		1,500,000⁽²⁾	D	$0	273,495⁽²⁾	D
Common Stock	11/01/2022		A⁽³⁾		1,500,000⁽³⁾	A	$0	273,495⁽³⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. On October 28, 2022, Terry Keith Cochran, pursuant to a Rule 10b5-1 trading plan, sold an aggregate of 1,601 shares of common stock in open market transactions at a price per share equal to $2.2006, reducing Mr. Cochran's amount of shares beneficially owned to 273,495 shares. The price per share equal to $2.2006 represents the weighted average sales price for the shares. Upon request by the Commission, the Issuer or the Reporting Person shall provide full information regarding the number of shares sold at each separate price.

2. On June 10, 2021, the Issuer granted to Mr. Cochran a restricted stock grant of 1,500,000 shares of the Issuer's common stock, which shares were scheduled to vest in increments upon the Issuer's achievement of various market capitalization milestones. On November 1, 2022 the Board of Directors of the Issuer approved the termination of this grant. Since its issuance, none of the shares subject to this terminated grant vested.

3. On November 1, 2022, pursuant to a Restricted Stock Unit Agreement by and between the Issuer and Mr. Cochran, the Issuer granted to Mr. Cochran 1,500,000 restricted stock units of the Issuer's shares of common stock to vest in four equal annual installments and which restricted stock units are subject to delayed settlement provisions.

	/s/ Terry Keith Cochran	11/01/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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