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

Role: Director
Signature: /s/ Robert Beaty
Issuer symbol: KTEL
Transactions as of: 29 Nov 2023
Net transactions value: +$701,250
Form type: 4
Filing time: 04 Dec 2023, 16:30:42 UTC
Previous filing: 15 May 2023
Next filing: 13 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	KTEL	Common Stock						105,314	29 Nov 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	$31,166	+33,333	+7.8%	$0.9350	458,333	29 Nov 2023	Common Stock	33,333	$0.9350	Direct	F1
transaction	KTEL	Option	Award	$31,166	+33,333	+7.3%	$0.9350	491,666	29 Nov 2023	Common Stock	33,333	$0.9350	Direct	F1
transaction	KTEL	Option	Award	$31,167	+33,334	+6.8%	$0.9350	525,000	29 Nov 2023	Common Stock	33,334	$0.9350	Direct	F1
transaction	KTEL	Option	Award	$202,583	+216,666	+41%	$0.9350	741,666	29 Nov 2023	Common Stock	216,666	$0.9350	Direct	F1, F2
transaction	KTEL	Option	Award	$202,584	+216,667	+29%	$0.9350	958,333	29 Nov 2023	Common Stock	216,667	$0.9350	Direct	F1, F2
transaction	KTEL	Option	Award	$202,584	+216,667	+23%	$0.9350	1,175,000	29 Nov 2023	Common Stock	216,667	$0.9350	Direct	F1, F2
holding	KTEL	Option						25,000	29 Nov 2023	Common Stock	25,000	$0.1771	Direct	F1
holding	KTEL	Option						50,000	29 Nov 2023	Common Stock	25,000	$0.1672	Direct	F1
holding	KTEL	Option						75,000	29 Nov 2023	Common Stock	25,000	$0.1672	Direct	F1
holding	KTEL	Option						100,000	29 Nov 2023	Common Stock	25,000	$0.1650	Direct	F1
holding	KTEL	Option						125,000	29 Nov 2023	Common Stock	25,000	$0.2618	Direct	F1
holding	KTEL	Option						150,000	29 Nov 2023	Common Stock	25,000	$0.1309	Direct	F1
holding	KTEL	Option						175,000	29 Nov 2023	Common Stock	25,000	$0.0627	Direct	F1
holding	KTEL	Option						200,000	29 Nov 2023	Common Stock	25,000	$0.4400	Direct	F1
holding	KTEL	Option						225,000	29 Nov 2023	Common Stock	25,000	$0.6600	Direct	F1
holding	KTEL	Option						250,000	29 Nov 2023	Common Stock	25,000	$0.9350	Direct	F1
holding	KTEL	Option						275,000	29 Nov 2023	Common Stock	25,000	$1.92	Direct	F1
holding	KTEL	Option						300,000	29 Nov 2023	Common Stock	25,000	$1.14	Direct	F1
holding	KTEL	Option						325,000	29 Nov 2023	Common Stock	25,000	$1.01	Direct	F1
holding	KTEL	Option						350,000	29 Nov 2023	Common Stock	25,000	$1.91	Direct	F1
holding	KTEL	Option						375,000	29 Nov 2023	Common Stock	25,000	$1.32	Direct	F1
holding	KTEL	Option						400,000	29 Nov 2023	Common Stock	25,000	$0.8140	Direct	F1
holding	KTEL	Option						425,000	29 Nov 2023	Common Stock	25,000	$0.8710	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.