Jason N. Welch - 22 Sep 2023 Form 4 Insider Report for KonaTel, Inc. (KTEL)

Role
President of IM Telecom (Sub.)
Signature
/s/ Jason N. Welch
Issuer symbol
KTEL
Transactions as of
22 Sep 2023
Net transactions value
+$242,750
Form type
4
Filing time
26 Sep 2023, 11:53:21 UTC
Previous filing
18 Mar 2022
Next filing
24 Mar 2025
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 KTEL Option Disposed to Issuer $91,000 -87,500 -25% $1.04 262,500 22 Sep 2023 Common Stock 87,500 $1.04 Direct F1
transaction KTEL Option Disposed to Issuer $91,000 -87,500 -33% $1.04 175,000 22 Sep 2023 Common Stock 87,500 $1.04 Direct F1
transaction KTEL Option Disposed to Issuer $91,000 -87,500 -50% $1.04 87,500 22 Sep 2023 Common Stock 87,500 $1.04 Direct F1
transaction KTEL Option Disposed to Issuer $91,000 -87,500 -100% $1.04 0 22 Sep 2023 Common Stock 87,500 $1.04 Direct F1
transaction KTEL Option Award $202,250 +250,000 $0.8090 250,000 22 Sep 2023 Common Stock 250,000 $0.8090 Direct F1
transaction KTEL Option Award $202,250 +250,000 +100% $0.8090 500,000 22 Sep 2023 Common Stock 250,000 $0.8090 Direct F1
transaction KTEL Option Award $202,250 +250,000 +50% $0.8090 750,000 22 Sep 2023 Common Stock 250,000 $0.8090 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Effective September 22, 2023, Mr. Welch's previous 350,000 options were cancelled and he was granted 750,000 new options.