Jason Dietrich - Jun 12, 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
Stock symbol
KORE
Transactions as of
Jun 12, 2023
Transactions value $
$0
Form type
4
Date filed
6/13/2023, 04:43 PM
Next filing
May 24, 2024

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 +326K $0.00 326K Jun 12, 2023 Common Stock 326K $0.00 Direct F1, F2
transaction KORE Restricted Stock Units Award $0 +114K $0.00 114K Jun 12, 2023 Common Stock 114K $0.00 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.