Stock Option

Kakao Corp.

035720·KOSPI·48 grantsAmendments merged

Shares granted, cumulative
16,880,584shares
Next lockup release
—

Against the share price

At the 2026-08-18 close
KRW
-4.38%
Shares with a reason to exercise
4,160,072 shares
0.94% of shares outstanding
Sellable right now
4,160,072 shares
100% of the shares with a reason to exercise
Unrealized paper gain (to the employees)
₩11.6B

Potential dilution

1.52%Against the 15% cap

Shares by strike price

  • ₩153,95049K shares
  • ₩127,212225K shares
  • ₩126,434258K shares
  • ₩116,823341K shares
  • ₩103,691452K shares
  • ₩77,07449K shares
  • ₩62,961565K shares
  • ₩55,119646K shares
  • ₩38,250Latest price
  • ₩35,4544.2M shares

Below the line (strike < Latest price) sits above the strike price: 4.2M shares, 62% of the shares still inside their exercise window.

Exercise deadline within a yearD-189Earliest deadline 2027-02-25

The paper gain on 4,160,072 shares sitting above the strike price — ₩11.6B — 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 ₩38,2502025-08-14 ~ 2026-08-18
  • Strike ₩35,4544.2M sharesabove
  • Strike ₩55,119646K shares
  • Strike ₩62,961565K shares
  • Strike ₩103,691452K shares

Recipients by role

8.3MShares granted
  • Registered director3 people3%
  • Employee3,929 people97%

Sorted from the relation text written in the filings (3,932 recipients). Officers of affiliates and subsidiaries are counted as unregistered officers.

Shares granted by year

5.6M
2.2M
2.3M
4.2M
873K
452K
565K
646K
'17
'18
'19
'20
'21
'22
'23
'24

Cumulative grants per recipient

0 named · 3,181 withheld
RecipientShares, cumulativePaper gain
3,167,317100.0%₩7.9B

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.