Stock Option

NAVER Corporation

035420·KOSPI·12 grantsAmendments merged

Shares granted, cumulative
2,908,002shares
Next lockup release
—

Against the share price

At the 2026-08-18 close
KRW
-4.82%
Shares with a reason to exercise
1,390,396 shares
0.89% of shares outstanding
Sellable right now
1,390,396 shares
100% of the shares with a reason to exercise
Unrealized paper gain (to the employees)
₩57.3B

Potential dilution

1.84%Against the 15% cap

Shares by strike price

  • ₩384,500596K shares
  • ₩362,500899K shares
  • ₩217,000Latest price
  • ₩186,0001.1M shares
  • ₩131,000259K shares

Below the line (strike < Latest price) sits above the strike price: 1.4M shares, 48% of the shares still inside their exercise window.

Exercise deadline within a yearD-213Earliest deadline 2027-03-21

The paper gain on 258,850 shares sitting above the strike price — ₩22.3B — disappears unless they are exercised by the deadline. Among the options whose lockup has ended, this is the part whose timing is pinned down.

See every approaching deadline

Options the share price has risen past gain a reason to be exercised and sold once the lockup ends. Filings do not show what has already been exercised or forfeited, so these figures are on a cumulative grants basis and the shares actually outstanding may be fewer.

Share price vs. strike price

A strike price is fixed on the grant date; only the share price moves. Where the price line crosses a dashed line is when that block of options first had a reason to be exercised.

Close ₩217,0002025-08-14 ~ 2026-08-18
  • Strike ₩186,0001.1M sharesabove
  • Strike ₩362,500899K shares
  • Strike ₩384,500596K shares
  • Strike ₩131,000259K sharesabove

Recipients by role

2.9MShares granted
  • Unregistered officer168 people37%
  • Employee1,233 people63%

Sorted from the relation text written in the filings (1,401 recipients). Officers of affiliates and subsidiaries are counted as unregistered officers.

Shares granted by year

281K
1.1M
1.5M
'19
'20
'21

Cumulative grants per recipient

0 named · 1,228 withheld
RecipientShares, cumulativePaper gain
2,885,353100.0%₩57.3B

Recipients granted less than 10 in 10,000 of total shares issued have their names withheld under the disclosure rules; they cannot be split apart, so they are grouped into one row. Rows that pack several people onto one line, such as “OOO and 6 others”, are grouped there too, with the headcount read from that text — the split between them is never disclosed, so “my share” can only be prefilled with the per-person average. Filings carry no employee number or year of birth, so people with the same name are added together as one. “Exercisable” counts shares whose lockup has already ended, and any paper gain accrues to the employees holding the options.

Every figure here is parsed mechanically from the original DART filing (document.xml). “Exercise starts (estimated)” means the filing did not state an exercise period, so the date is the grant date plus two years under Article 340-2(4) of the Korean Commercial Act and may differ from the actual terms. Always read the original filing before making any decision.