Paul Holtz - 30 Sep 2024 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Role
Exec. Vice Pres., CFO & Treas.
Signature
Paul Holtz
Issuer symbol
KORE
Transactions as of
30 Sep 2024
Net transactions value
-$10,663
Form type
4
Filing time
02 Oct 2024, 16:15:30 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 +7,277 +54% $0.000000 20,829 30 Sep 2024 Direct F1, F2
transaction KORE Common Stock Tax liability $8,803 -3,895 -19% $2.26 16,934 30 Sep 2024 Direct F3
transaction KORE Common Stock Options Exercise $0 +1,584 +9.4% $0.000000 18,518 30 Sep 2024 Direct F1
transaction KORE Common Stock Tax liability $1,860 -823 -4.4% $2.26 17,695 30 Sep 2024 Direct F3

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 -7,277 -50% $0.000000 7,277 30 Sep 2024 Common Stock 7,277 Direct F2, F4, F5
transaction KORE Restricted Stock Units Options Exercise $0 -1,584 -33% $0.000000 3,169 30 Sep 2024 Common Stock 1,584 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.