Louise P. Winstone - 04 Apr 2024 Form 4 Insider Report for KORE Group Holdings, Inc. (KORE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
08 Apr 2024, 17:01:47 UTC
Prior SEC filing
13 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Jack W. Kennedy Jr., Attorney-in-Fact for Louise Winstone

Key filing fact

Louise P. Winstone filed Form 4 for KORE Group Holdings, Inc. (KORE) on 08 Apr 2024.

Key facts

  • This page summarizes Louise P. Winstone's Form 4 filing for KORE Group Holdings, Inc. (KORE).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 08 Apr 2024, 17:01.

Change

  • Previous filing in this sequence was filed on 13 Feb 2024.
  • Current net transaction value: -$2,817.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

KORE transaction

Common Stock

Award

Transaction value
$0
Shares
+11,276
Change %
+18%
Price
$0.000000
Shares after
75,394
Date
04 Apr 2024
Ownership
Direct
Footnotes
F1
KORE transaction

Common Stock

Tax liability

Transaction value
$2,817
Shares
-3,967
Change %
-5.3%
Price
$0.7100
Shares after
71,427
Date
04 Apr 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

KORE transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+11,276
Change %
+21%
Price
$0.000000
Shares after
64,093
Date
04 Apr 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
11,276
Exercise price
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations.

Footnote F3

Each RSU represents a right to receive one share of the issuer's common stock.

Footnote 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.

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