Tushar K. Sachdev - Apr 4, 2024 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Signature
Jack W. Kennedy Jr., Attorney-in-Fact, Tushar K. Sachdev
Stock symbol
KORE
Transactions as of
Apr 4, 2024
Transactions value $
$0
Form type
4
Date filed
4/8/2024, 05:01 PM
Previous filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KORE Common Stock Award $0 +16.1K +11.19% $0.00 160K Apr 4, 2024 Direct F1

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 +16.1K $0.00 16.1K Apr 4, 2024 Common Stock 16.1K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock received upon the vesting of a portion of the performance-based restricted stock units ("RSUs") awarded to the Reporting Person on January 4, 2022 under the Issuer's 2021 Long-Term Stock Incentive Plan, which vested based on the Issuer's satisfaction of certain performance criteria. In light of the performance-based vesting criteria of the RSUs, such shares were not previously reportable under Section 16.
F2 Each RSU represents a right to receive one share of the issuer's common stock.
F3 The RSUs were awarded to the Reporting Person on January 4, 2022 and were subject to both a performance-based vesting condition (which condition has been satisfied as of April 4, 2024) and a time-based vesting condition (which condition will be satisfied on March 31, 2025, assuming continuous service of the Reporting Person through such date). In light of the performance-based vesting criteria of the RSUs, such RSUs were not previously reportable under Section 16.