Stephen H. Deckoff - Dec 16, 2024 Form 4 Insider Report for KVH INDUSTRIES INC \DE\ (KVHI)

Signature
/s/ Stephen H. Deckoff
Stock symbol
KVHI
Transactions as of
Dec 16, 2024
Transactions value $
$129,941
Form type
4
Date filed
12/18/2024, 04:31 PM
Previous filing
Sep 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KVHI Common Stock Purchase $130K +22.5K +0.67% $5.78 3.38M Dec 16, 2024 See footnotes (4) & (5) F1, F3, F4, F5
holding KVHI Common Stock 12.5K Dec 16, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a weighted average price. The Shares (as defined herein) were purchased in multiple transactions at prices ranging from $5.70 to $5.80, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth in this footnote.
F2 These shares of restricted stock are held of record by Mr. Deckoff for the benefit of Black Diamond Capital Management, L.L.C. ("Black Diamond") and/or certain Black Diamond investment vehicles managed by Black Diamond (the "Black Diamond vehicles") and will be transferred to Black Diamond or the Black Diamond vehicles upon vesting and settlement. Mr. Deckoff disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F3 Reported amounts have been adjusted to reflect the transfer of 4,157 Shares from Mr. Deckoff to Black Diamond and the Black Diamond vehicles on November 13, 2024, upon the vesting and settlement of restricted stock previously granted to Mr. Deckoff, which transfer was exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by virtue of Rule 16a-13 thereunder.
F4 These shares of Common Stock ("Shares") are held directly by the Black Diamond vehicles. Black Diamond exercises investment discretion on behalf of investment advisory affiliates that serve as investment advisers to the Black Diamond vehicles. Mr. Deckoff is the Managing Principal of Black Diamond.
F5 Each of the Reporting Persons disclaims beneficial ownership over the Shares, except to the extent of its or his pecuniary interest therein, and this statement shall not be construed as an admission that such Reporting Person is the beneficial owner of any Shares for purposes of Section 16 of the Exchange Act or for any other purpose.