KORE Group Holdings (NYSE: KORE) EVP stock converted to $9.25 cash in merger

Rhea-AI Filing Summary

KORE Group Holdings, Inc. reports that EVP, Chief Legal Officer & Secretary Jack William Kennedy Jr. disposed of 60,946 shares of common stock on July 21, 2026 in a disposition to the issuer tied to the consummation of a merger. Each share was converted into the right to receive $9.25 in cash under an Agreement and Plan of Merger with KONA Parent, L.P. and KONA Merger Sub Co., leaving him with 0 directly held shares.

Insider Trade Summary

Net Seller: 60,946 shares

Net Sell 1 txn

Insider Kennedy Jack William Jr.

Role EVP, Chief Legal Officer & Sec

Type	Security	Shares	Price	Value
Disposition	Common Stock F1	60,946	$9.25	$564K

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. In connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 26, 2026, by and among the Issuer, KONA Parent, L.P. and KONA Merger Sub Co., each share of the Issuer's common stock held by the Reporting Person were converted into the right to receive an amount in cash equal to $9.25 per share.

Key Figures

Shares disposed: 60,946 shares Cash per share: $9.25 per share Shares held after transaction: 0 shares

3 metrics

Shares disposed 60,946 shares Disposition to issuer on July 21, 2026 in connection with a merger

Cash per share $9.25 per share Merger consideration for each share of common stock held by the reporting person

Shares held after transaction 0 shares Directly owned KORE common stock after merger-related conversion

Key Terms

Agreement and Plan of Merger, Merger Agreement, disposition to issuer, KONA Parent, L.P.

4 terms

Agreement and Plan of Merger regulatory

"In connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger"

An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.

Merger Agreement regulatory

"by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 26, 2026"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

KONA Parent, L.P. regulatory

"by and among the Issuer, KONA Parent, L.P. and KONA Merger Sub Co."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/23/2026 - 04:52 PM Accepted by SEC EDGAR 07/23/2026 - 04:52 PM Learn about SEC filing dates

FAQ

What insider transaction did KORE (KORE) report for Jack William Kennedy Jr.?

KORE reported that EVP Jack William Kennedy Jr. disposed of 60,946 common shares on July 21, 2026 in a disposition to the issuer related to a merger closing.

At what price were Jack William Kennedy Jr.’s KORE (KORE) shares converted?

Each of Jack William Kennedy Jr.’s KORE shares was converted into the right to receive $9.25 in cash per share under the Agreement and Plan of Merger with KONA Parent, L.P. and KONA Merger Sub Co.

How many KORE (KORE) shares did Jack William Kennedy Jr. hold after the merger transaction?

Following the merger-related disposition, Jack William Kennedy Jr. held 0 shares of KORE common stock directly. All 60,946 reported shares were converted into cash consideration at $9.25 per share.

Was the KORE (KORE) insider transaction under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox was not marked, so this merger-related share conversion at $9.25 per share was not reported as occurring under a Rule 10b5-1 trading plan.

What corporate event triggered the insider share disposition at KORE (KORE)?

The disposition occurred in connection with the consummation of transactions under an Agreement and Plan of Merger among KORE Group Holdings, KONA Parent, L.P., and KONA Merger Sub Co., which provided $9.25 cash for each common share.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kennedy Jack William Jr.

(Last) (First) (Middle)

1155 PERIMETER CENTER WEST, 11TH FLOOR

11TH FLOOR

(Street)

ATLANTA GEORGIA 30338

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KORE Group Holdings, Inc. [ KORE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Legal Officer & Sec

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/21/2026		D(1)		60,946	D	$9.25(1)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. In connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 26, 2026, by and among the Issuer, KONA Parent, L.P. and KONA Merger Sub Co., each share of the Issuer's common stock held by the Reporting Person were converted into the right to receive an amount in cash equal to $9.25 per share.

Remarks:

	Jack William Kennedy Jr.	07/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)