Louise Winstone - Apr 4, 2024 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Signature
Jack W. Kennedy Jr., Attorney-in-Fact for Louise Winstone
Stock symbol
KORE
Transactions as of
Apr 4, 2024
Transactions value $
-$2,817
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 +11.3K +17.59% $0.00 75.4K Apr 4, 2024 Direct F1
transaction KORE Common Stock Tax liability -$2.82K -3.97K -5.26% $0.71 71.4K Apr 4, 2024 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 Award $0 +11.3K +21.35% $0.00 64.1K Apr 4, 2024 Common Stock 11.3K Direct F3, F4
* 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 Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations.
F3 Each RSU represents a right to receive one share of the issuer's common stock.
F4 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.