R. Michael Thurston - Jan 4, 2023 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Role
SVP, Corporate Controller
Signature
R. Michael Thurston
Stock symbol
KORE
Transactions as of
Jan 4, 2023
Transactions value $
-$3,467
Form type
4
Date filed
1/6/2023, 03:50 PM
Previous filing
Dec 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KORE Common Stock Options Exercise $0 +3.52K $0.00 3.52K Jan 4, 2023 Direct F1
transaction KORE Common Stock Tax liability -$1.73K -1.25K -35.42% $1.39 2.27K Jan 4, 2023 Direct F2
transaction KORE Common Stock Options Exercise $0 +3.52K +154.84% $0.00 5.8K Jan 4, 2023 Direct F1
transaction KORE Common Stock Tax liability -$1.73K -1.25K -21.52% $1.39 4.55K Jan 4, 2023 Direct F2

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 KORE Restricted Stock Units Options Exercise $0 -3.52K -33.33% $0.00 7.04K Jan 4, 2023 Common Stock 3.52K Direct F1, F3
transaction KORE Restricted Stock Units Options Exercise $0 -3.52K -33.33% $0.00 7.04K Jan 4, 2023 Common Stock 3.52K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's common stock.
F2 Surrender of stock upon vesting of restricted stock units to satisfy tax withholding obligations.
F3 The remaining reported RSUs will vest in two equal installments on each of January 4, 2024 and January 4, 2025.