KORE Group Holdings (KORE) CFO vests 15,000 RSUs, covers taxes in stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KORE Group Holdings Executive Vice President, CFO and Treasurer John Anthony Bellomo reported routine equity compensation activity. On June 30, 2026, 15,000 Restricted Stock Units vested into an equal number of common shares, with each RSU representing one share of common stock.
To satisfy tax withholding obligations tied to this vesting, 8,029 common shares were surrendered as a tax-withholding disposition, rather than sold in the open market. Following these transactions, Bellomo holds 18,253 shares of KORE common stock directly, with no remaining RSUs reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,000 shares exercised/converted
Mixed
3 txns
Insider
Bellomo John Anthony
Role
Exec. Vice Pres., CFO & Treas.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 15,000 | $0.00 | -- |
| Exercise | Common Stock | 15,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,029 | $9.23 | $74K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 26,282 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 units
Shares surrendered for taxes: 8,029 shares
Common shares held after transactions: 18,253 shares
+2 more
5 metrics
RSUs vested
15,000 units
Restricted Stock Units vested in full on June 30, 2026
Shares surrendered for taxes
8,029 shares
Common stock surrendered to satisfy tax withholding obligations
Common shares held after transactions
18,253 shares
Direct holdings of common stock following June 30, 2026 transactions
Exercise/conversion price of RSUs
$0.00 per unit
Restricted Stock Units converted to common stock at no cash exercise price
Tax-withholding reference price
$9.23 per share
Price per share used for tax-withholding disposition of 8,029 shares
Key Terms
Restricted Stock Units, tax withholding obligations, vested in full, derivative security
4 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."
vested in full financial
"The reported RSUs vested in full on June 30, 2026."
derivative security financial
"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.
FAQ
What insider transaction did KORE (KORE) CFO John Anthony Bellomo report?
John Anthony Bellomo reported the vesting of 15,000 Restricted Stock Units into common stock and the surrender of 8,029 shares to cover tax withholding obligations. These actions are part of routine equity compensation rather than open-market stock purchases or sales.
What do the 15,000 KORE (KORE) Restricted Stock Units represent for the CFO?
The 15,000 Restricted Stock Units (RSUs) each represent a right to receive one share of KORE common stock. According to the filing, these RSUs vested in full on June 30, 2026, converting into 15,000 common shares before tax-related share surrender.
When did the KORE (KORE) CFO’s Restricted Stock Units vest?
The filing states that the reported Restricted Stock Units vested in full on June 30, 2026. On that date, 15,000 RSUs converted into an equal number of KORE common shares, triggering the related 8,029-share surrender for tax withholding obligations.