Jack William Kennedy Jr. - 30 Sep 2024 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Role
EVP, Chief Legal Officer & Sec
Signature
Jack William Kennedy Jr.
Issuer symbol
KORE
Transactions as of
30 Sep 2024
Net transactions value
-$1,742
Form type
4
Filing time
02 Oct 2024, 16:15:21 UTC
Previous filing
24 May 2024
Next filing
07 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KORE Common Stock Options Exercise $0 +2,641 +15% $0.000000 19,736 30 Sep 2024 Direct F1, F2
transaction KORE Common Stock Tax liability $1,742 -771 -3.9% $2.26 18,965 30 Sep 2024 Direct F3
holding KORE Common Stock 1,450 30 Sep 2024 Owned in Individual Retirement Account 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 Options Exercise $0 -2,641 -33% $0.000000 5,282 30 Sep 2024 Common Stock 2,641 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares issued upon vesting of restricted stock units ("RSUs") on September 30, 2024.
F2 Effective on July 1, 2024, the Issuer effected a 1 to 5 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
F3 Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations.
F4 Each RSU represents a right to receive one share of the issuer's common stock.
F5 The remaining reported RSUs will vest in full on September 30, 2025.