Jason Dietrich - 12 Jun 2023 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Role
EVP, Chief Rev. Officer
Signature
Jack W. Kennedy, as Attorney-in-Fact for Jason Dietrich
Issuer symbol
KORE
Transactions as of
12 Jun 2023
Net transactions value
$0
Form type
4
Filing time
13 Jun 2023, 16:43:16 UTC
Next filing
24 May 2024
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
transaction KORE Restricted Stock Units Award $0 +325,732 $0.000000 325,732 12 Jun 2023 Common Stock 325,732 $0.000000 Direct F1, F2
transaction KORE Restricted Stock Units Award $0 +114,006 $0.000000 114,006 12 Jun 2023 Common Stock 114,006 $0.000000 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 The reported RSUs will vest in three installments as follows: 25% will vest on the second anniversary of the grant date, 25% will vest on the third anniversary of the grant date, and 50% will vest on the fourth anniversary of the grant date.
F3 The reported RSUs will vest in three equal installments on each of the first three anniversaries of June 12, 2023.