Paul Holtz - 22 Mar 2022 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Role
Executive Vice President, Chief Financial Officer & Treasurer
Signature
/s/ Paul Holtz
Issuer symbol
KORE
Transactions as of
22 Mar 2022
Net transactions value
$0
Form type
4
Filing time
24 Mar 2022, 16:15:15 UTC
Previous filing
02 Dec 2021
Next filing
14 Dec 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KORE Restricted Stock Units Award $0 +109,154 +344% $0.000000 140,845 22 Mar 2022 Common Stock 109,154 Direct F1, F2
transaction KORE Restricted Stock Units Award $0 +24,648 $0.000000 24,648 22 Mar 2022 Common Stock 24,648 Direct F1, F3
transaction KORE Restricted Stock Units Award $0 +24,648 $0.000000 24,648 22 Mar 2022 Common Stock 24,648 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's common stock.
F2 The reported RSUs will vest in two 25% installments on each of the second and third anniversaries of September 30, 2021, with the remaining 50% vesting on the fourth anniversary of September 30, 2021.
F3 The reported RSUs will vest in three equal installments on each of the first three anniversaries of March 22, 2022.

Remarks:

Executive Vice President, Chief Financial Officer & Treasurer