KORE Group (NYSE: KORE) director exits 139,705 shares in $9.25 cash merger
Rhea-AI Filing Summary
KORE Group Holdings, Inc. director Paulett Eberhart reported a disposition of common stock in connection with a cash merger. On 2026-07-21, 139,705 shares of common stock were converted into the right to receive $9.25 per share under a February 26, 2026 Agreement and Plan of Merger. Following this merger-related conversion, Eberhart held 0 shares of KORE common stock directly.
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Insights
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Insider Trade Summary
Net Seller: 139,705 shares
Net Sell
1 txn
Insider
EBERHART PAULETT
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 139,705 | $9.25 | $1.29M |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (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: 139,705 shares
Cash consideration per share: $9.25 per share
Post-transaction holdings: 0 shares
+2 more
5 metrics
Shares disposed
139,705 shares
Common stock converted to cash rights on 2026-07-21
Cash consideration per share
$9.25 per share
Amount received for each KORE common share under the merger
Post-transaction holdings
0 shares
Direct KORE common stock held by Paulett Eberhart after conversion
Merger agreement date
February 26, 2026
Date of Agreement and Plan of Merger governing the share conversion
Disposition transactions
1 transaction
Single reported disposition to issuer in this Form 4
Key Terms
Agreement and Plan of Merger, Disposition to issuer, Merger Sub
3 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.
Disposition to issuer financial
"transaction_action was classified as an issuer disposition of common stock"
Merger Sub regulatory
"by and among the Issuer, KONA Parent, L.P. and KONA Merger Sub Co."
A merger sub is a temporary, wholly owned subsidiary that an acquiring company creates to carry out a merger with another firm. Think of it as a wrapper used to combine two businesses—this can simplify legal and tax steps, isolate liabilities, and help preserve the target’s contracts or stock structure, so investors watch it because the chosen approach affects deal mechanics, shareholder votes, potential dilution, and legal or tax risk.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Paulett Eberhart report at KORE (KORE)?
Paulett Eberhart reported a disposition to the issuer of KORE Group Holdings common stock. Her 139,705 shares were converted into the right to receive $9.25 per share in cash as part of a merger, eliminating her direct common stock holdings.
Does Paulett Eberhart own any KORE (KORE) common stock after this transaction?
After the merger-related conversion, Paulett Eberhart reported 0 shares of KORE common stock held directly. All 139,705 previously held shares were converted into a right to receive $9.25 per share in cash, leaving no remaining direct common stock position.
Was Paulett Eberhart’s KORE (KORE) transaction executed under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not checked, so the transaction was not affirmed as occurring under a Rule 10b5-1 trading plan. Instead, it reflects an automatic share conversion tied to a merger agreement, not a discretionary trading program.