KORE (KORE) legal chief vests 15K RSUs, 4,380 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KORE Group Holdings EVP and Chief Legal Officer Jack William Kennedy Jr. reported routine equity compensation activity involving restricted stock units. He exercised RSUs covering 15,000 shares of common stock, with each RSU converting into one share upon vesting. To cover tax withholding obligations tied to this vesting, 4,380 shares of common stock were surrendered back to the company instead of being sold in the open market. After these transactions, he directly owns 60,946 shares of KORE common stock, and the reported RSU award has fully vested with no remaining RSUs outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,000 shares exercised/converted
Mixed
3 txns
Insider
Kennedy Jack William Jr.
Role
EVP, Chief Legal Officer & Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,000 | $0.00 | -- |
| Exercise | Common Stock | 15,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,380 | $9.23 | $40K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 65,326 shares (Direct, null)
Footnotes (1)
- Shares of issuer's common stock received upon vesting of Restricted Stock Units ("RSUs"). Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations. Each RSU represents a right to receive one share of the issuer's common stock. The reported RSUs vested in full on June 30, 2026.
Key Figures
RSUs vested: 15,000 shares
Shares surrendered for taxes: 4,380 shares
Shares owned after transaction: 60,946 shares
+2 more
5 metrics
RSUs vested
15,000 shares
Restricted Stock Units converting into common stock
Shares surrendered for taxes
4,380 shares
Common stock surrendered to satisfy tax withholding obligations
Shares owned after transaction
60,946 shares
Direct ownership of KORE common stock following transactions
Exercise transactions
1 transaction, 15,000 shares
Derivative exercise/conversion events in summary
Tax withholding transactions
1 transaction, 4,380 shares
Shares used to satisfy tax liability per summary
Key Terms
Restricted Stock Units, tax withholding obligations, derivative security, Exercise or conversion, +1 more
5 terms
Restricted Stock Units financial
"Shares of issuer's common stock received upon vesting of Restricted Stock Units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations."
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Exercise or conversion financial
"transaction_action: "derivative exercise/conversion" for RSU conversion"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description for code F disposition"
FAQ
What insider equity transaction did KORE (KORE) report for Jack William Kennedy Jr.?
KORE reported that EVP and Chief Legal Officer Jack William Kennedy Jr. had 15,000 restricted stock units vest into common shares. This was a compensation-related event, not an open-market stock purchase or sale, and reflects standard equity award vesting.
Were the KORE (KORE) insider transactions open-market buys or sells?
No open-market buys or sells were reported. The filing shows RSUs converting into 15,000 common shares and 4,380 shares surrendered to cover tax withholding obligations, a standard compensation and payroll tax mechanism rather than discretionary trading activity.
What do the restricted stock units (RSUs) in the KORE (KORE) filing represent?
Each restricted stock unit in the KORE filing represents a right to receive one share of KORE common stock upon vesting. The reported RSUs vested in full on June 30, 2026, resulting in the delivery of 15,000 common shares to the executive.
Did Jack William Kennedy Jr. retain equity exposure to KORE (KORE) after the RSU vesting?
Yes. After the RSU vesting and tax-withholding share surrender, Jack William Kennedy Jr. directly holds 60,946 KORE common shares. This indicates he maintained a substantial equity position following these routine compensation-related transactions.