Charles D. Griffin - 17 Sep 2024 Form 4 Insider Report for KonaTel, Inc. (KTEL)

Role
COO, President
Signature
/s/ Charles D. Griffin
Issuer symbol
KTEL
Transactions as of
17 Sep 2024
Net transactions value
$0
Form type
4
Filing time
19 Sep 2024, 17:27:33 UTC
Previous filing
04 Dec 2023
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
holding KTEL Option 275,000 17 Sep 2024 Common Stock 275,000 $0.4100 Direct F1
holding KTEL Option 550,000 17 Sep 2024 Common Stock 275,000 $0.4100 Direct F1
holding KTEL Option 825,000 17 Sep 2024 Common Stock 275,000 $0.4100 Direct F1
holding KTEL Option 1,100,000 17 Sep 2024 Common Stock 275,000 $0.4100 Direct F1
holding KTEL Option 1,283,333 17 Sep 2024 Common Stock 183,333 $0.4100 Direct F1
holding KTEL Option 1,466,666 17 Sep 2024 Common Stock 183,333 $0.4100 Direct F1
holding KTEL Option 1,650,000 17 Sep 2024 Common Stock 183,334 $0.4100 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 17, 2024, the Board of Directors repriced the 1,100,000 and 550,000 ISO's, respectively granted on July 6, 2021, and November 29, 2023, at the respective prices of $0.75 and $0.935 per share, to 110% of the closing price at September 16, 2024, which was $0.37, to $0.41 per share, with all other terms and conditions of the originally granted ISOs to remain the same.