Romil Bahl - 15 Jun 2023 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Role
Pres., Chief Executive Officer, Director
Signature
Jack W. Kennedy Jr., as Attorney-In-Fact, Romil Bahl
Issuer symbol
KORE
Transactions as of
15 Jun 2023
Net transactions value
$0
Form type
4
Filing time
20 Jun 2023, 16:53:16 UTC
Previous filing
13 Jun 2023
Next filing
03 Oct 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
transaction KORE Restricted Stock Units Award $0 +200,000 $0.000000 200,000 15 Jun 2023 Common Stock 200,000 $0.000000 Direct F1, F2
transaction KORE Restricted Stock Units Award $0 +200,000 $0.000000 200,000 15 Jun 2023 Common Stock 200,000 $0.000000 Direct F1, F3
transaction KORE Restricted Stock Units Award $0 +216,667 $0.000000 216,667 15 Jun 2023 Common Stock 216,667 $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 RSUs will vest in two equal installments on each of March 31, 2024 and March 31, 2025, subject to the continued employment or service of the reporting person through such vesting date. The reported transaction involved an amendment to an outstanding award of RSUs to remove certain performance-based vesting requirements.
F3 The RSUs will vest in full on March 31, 2025, subject to the continued employment or service of the reporting person through such vesting date. The reported transaction involved an amendment to an outstanding award of RSUs to remove certain performance-based vesting requirements.