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

Role
President of IM Telecom (Sub.)
Signature
/s/ Jason N. Welch
Stock symbol
KTEL
Transactions as of
Sep 22, 2023
Transactions value $
$242,750
Form type
4
Date filed
9/26/2023, 11:53 AM
Previous filing
Mar 18, 2022

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 -$91K -87.5K -25% $1.04 263K Sep 22, 2023 Common Stock 87.5K $1.04 Direct F1
transaction KTEL Option Disposed to Issuer -$91K -87.5K -33.33% $1.04 175K Sep 22, 2023 Common Stock 87.5K $1.04 Direct F1
transaction KTEL Option Disposed to Issuer -$91K -87.5K -50% $1.04 87.5K Sep 22, 2023 Common Stock 87.5K $1.04 Direct F1
transaction KTEL Option Disposed to Issuer -$91K -87.5K -100% $1.04 0 Sep 22, 2023 Common Stock 87.5K $1.04 Direct F1
transaction KTEL Option Award $202K +250K $0.81 250K Sep 22, 2023 Common Stock 250K $0.81 Direct F1
transaction KTEL Option Award $202K +250K +100% $0.81 500K Sep 22, 2023 Common Stock 250K $0.81 Direct F1
transaction KTEL Option Award $202K +250K +50% $0.81 750K Sep 22, 2023 Common Stock 250K $0.81 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.