Robert Matthew Beaty - Nov 29, 2023 Form 4 Insider Report for KonaTel, Inc. (KTEL)

Role: Director
Signature: /s/ Robert Beaty
Stock symbol: KTEL
Transactions as of: Nov 29, 2023
Transactions value $: $701,250
Form type: 4
Date filed: 12/4/2023, 04:30 PM
Previous filing: May 15, 2023
Next filing: May 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KTEL	Common Stock						105K	Nov 29, 2023	Direct

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	Award	$31.2K	+33.3K	+7.84%	$0.94	458K	Nov 29, 2023	Common Stock	33.3K	$0.94	Direct	F1
transaction	KTEL	Option	Award	$31.2K	+33.3K	+7.27%	$0.94	492K	Nov 29, 2023	Common Stock	33.3K	$0.94	Direct	F1
transaction	KTEL	Option	Award	$31.2K	+33.3K	+6.78%	$0.94	525K	Nov 29, 2023	Common Stock	33.3K	$0.94	Direct	F1
transaction	KTEL	Option	Award	$203K	+217K	+41.27%	$0.94	742K	Nov 29, 2023	Common Stock	217K	$0.94	Direct	F1, F2
transaction	KTEL	Option	Award	$203K	+217K	+29.21%	$0.94	958K	Nov 29, 2023	Common Stock	217K	$0.94	Direct	F1, F2
transaction	KTEL	Option	Award	$203K	+217K	+22.61%	$0.94	1.18M	Nov 29, 2023	Common Stock	217K	$0.94	Direct	F1, F2
holding	KTEL	Option						25K	Nov 29, 2023	Common Stock	25K	$0.18	Direct	F1
holding	KTEL	Option						50K	Nov 29, 2023	Common Stock	25K	$0.17	Direct	F1
holding	KTEL	Option						75K	Nov 29, 2023	Common Stock	25K	$0.17	Direct	F1
holding	KTEL	Option						100K	Nov 29, 2023	Common Stock	25K	$0.17	Direct	F1
holding	KTEL	Option						125K	Nov 29, 2023	Common Stock	25K	$0.26	Direct	F1
holding	KTEL	Option						150K	Nov 29, 2023	Common Stock	25K	$0.13	Direct	F1
holding	KTEL	Option						175K	Nov 29, 2023	Common Stock	25K	$0.06	Direct	F1
holding	KTEL	Option						200K	Nov 29, 2023	Common Stock	25K	$0.44	Direct	F1
holding	KTEL	Option						225K	Nov 29, 2023	Common Stock	25K	$0.66	Direct	F1
holding	KTEL	Option						250K	Nov 29, 2023	Common Stock	25K	$0.94	Direct	F1
holding	KTEL	Option						275K	Nov 29, 2023	Common Stock	25K	$1.93	Direct	F1
holding	KTEL	Option						300K	Nov 29, 2023	Common Stock	25K	$1.14	Direct	F1
holding	KTEL	Option						325K	Nov 29, 2023	Common Stock	25K	$1.01	Direct	F1
holding	KTEL	Option						350K	Nov 29, 2023	Common Stock	25K	$1.91	Direct	F1
holding	KTEL	Option						375K	Nov 29, 2023	Common Stock	25K	$1.32	Direct	F1
holding	KTEL	Option						400K	Nov 29, 2023	Common Stock	25K	$0.81	Direct	F1
holding	KTEL	Option						425K	Nov 29, 2023	Common Stock	25K	$0.87	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Options granted to Mr. Beaty under the Company's Incentive Stock Option Plan.
F2	These 650,000 ISO's vest at one-third (1/3rd) per year, conditioned on Apeiron Systems, Inc., a wholly owned subsidiary of the Company ("Apeiron"), having been provided 100,000 simultaneous cellular customers by VIVA-US telecommunications, Inc. ("VIVA") under Apeiron's "Mobile Reseller Agreement" with VIVA dated November 10, 2023, and VIVA being fully paid and current with all outstanding amounts owed to Aperion, within one (1) year of the date of grant and with at least 100,000 of such simultaneous customer cellular contracts then being in full force and effect, or the grant of these ISO's shall expire.

Content

Options granted to Mr. Beaty under the Company's Incentive Stock Option Plan.

These 650,000 ISO's vest at one-third (1/3rd) per year, conditioned on Apeiron Systems, Inc., a wholly owned subsidiary of the Company ("Apeiron"), having been provided 100,000 simultaneous cellular customers by VIVA-US telecommunications, Inc. ("VIVA") under Apeiron's "Mobile Reseller Agreement" with VIVA dated November 10, 2023, and VIVA being fully paid and current with all outstanding amounts owed to Aperion, within one (1) year of the date of grant and with at least 100,000 of such simultaneous customer cellular contracts then being in full force and effect, or the grant of these ISO's shall expire.