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

Role
Exec. Vice Pres., CFO & Treas.
Signature
Paul Holtz
Stock symbol
KORE
Transactions as of
Sep 30, 2024
Transactions value $
-$10,663
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 +7.28K +53.7% $0.00 20.8K Sep 30, 2024 Direct F1, F2
transaction KORE Common Stock Tax liability -$8.8K -3.9K -18.7% $2.26 16.9K Sep 30, 2024 Direct F3
transaction KORE Common Stock Options Exercise $0 +1.58K +9.35% $0.00 18.5K Sep 30, 2024 Direct F1
transaction KORE Common Stock Tax liability -$1.86K -823 -4.44% $2.26 17.7K Sep 30, 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 -7.28K -50% $0.00 7.28K Sep 30, 2024 Common Stock 7.28K Direct F2, F4, F5
transaction KORE Restricted Stock Units Options Exercise $0 -1.58K -33.33% $0.00 3.17K Sep 30, 2024 Common Stock 1.58K 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.