Stock Option

T.S.Investment Corporation

246690·KOSDAQ·11 grantsAmendments merged

Shares granted, cumulative
2,212,000shares
Next lockup release
D-548
2028-02-19

Against the share price

At the 2026-08-18 close
KRW
-2.19%
Shares with a reason to exercise
865,000 shares
3.64% of shares outstanding
Sellable right now
None
Above the strike price, but the lockup has not ended
Unrealized paper gain (to the employees)
₩258.4M

Potential dilution

9.04%Against the 15% cap

Shares by strike price

  • ₩3,842230K shares
  • ₩2,522360K shares
  • ₩2,500270K shares
  • ₩2,260150K shares
  • ₩2,019275K shares
  • ₩1,786Latest price
  • ₩1,736458K shares
  • ₩1,208408K shares

Below the line (strike < Latest price) sits above the strike price: 865K shares, 40% of the shares still inside their exercise window.

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 ₩1,7862025-08-14 ~ 2026-08-18
  • Strike ₩1,736458K sharesabove
  • Strike ₩1,208408K sharesabove
  • Strike ₩2,522360K shares
  • Strike ₩2,019275K shares

Recipients by role

1.9MShares granted
  • Unregistered officer6 people2%
  • Employee6 people2%
  • Other · unknown71 people97%

Sorted from the relation text written in the filings (83 recipients). Officers of affiliates and subsidiaries are counted as unregistered officers. This company reported many recipients under a lumped label such as “executives and employees”, or left the field blank, so the breakdown is limited.

Shares granted by year

62K
270K
150K
230K
360K
275K
408K
458K
'18
'19
'20
'21
'22
'23
'24
'25
'26

Cumulative grants per recipient

15 named · 56 withheld
Largest holder황정현Other · unknown
Top holder 10.6%Top 3 22.9%
RecipientShares, cumulativePaper gain
200,00010.6%₩57.8M
150,0008.0%₩7.5M
80,0004.3%₩2.5M
60,0003.2%₩34.7M
50,0002.7%₩2.5M
45,0002.4%₩26M
40,0002.1%—
40,0002.1%—
40,0002.1%—
30,0001.6%—

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.