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

Role
EVP, Chief Legal Officer & Sec
Signature
Jack William Kennedy Jr.
Stock symbol
KORE
Transactions as of
Sep 30, 2024
Transactions value $
-$1,742
Form type
4
Date filed
10/2/2024, 04:15 PM
Previous filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KORE Common Stock Options Exercise $0 +2.64K +15.45% $0.00 19.7K Sep 30, 2024 Direct F1, F2
transaction KORE Common Stock Tax liability -$1.74K -771 -3.91% $2.26 19K Sep 30, 2024 Direct F3
holding KORE Common Stock 1.45K Sep 30, 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 -2.64K -33.33% $0.00 5.28K Sep 30, 2024 Common Stock 2.64K 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.