KORE Group EVP (NYSE: KORE) exits stock at $9.25 per share in merger
Rhea-AI Filing Summary
KORE Group Holdings' Executive Vice President and COO, Gordon Bruce William, reported merger-related dispositions on July 21, 2026. 69,329 shares of common stock were converted into the right to receive $9.25 in cash per share under an Agreement and Plan of Merger with KONA Parent. In addition, 62,500 restricted stock units were converted into cash-based Parent Equity Cash Awards equal to the underlying shares multiplied by $9.25, continuing to vest and pay out on the same schedule as the original awards. After these transactions, he reported no remaining holdings of these securities.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 69,329 shares
Net Sell
2 txns
Insider
Gordon Bruce William
Role
Exec. Vice Pres. & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 62,500 | $9.25 | $578K |
| Disposition | Common Stock F1 | 69,329 | $9.25 | $641K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (2)
- 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.
- F2. The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the Issuer's common stock. Each RSU outstanding immediately prior to the effective time of the merger (the "Effective Time") was converted into the right to receive a cash-based award (a "Parent Equity Cash Award") in an amount equal to the product of (i) the number of shares of the Issuer's common stock subject to such RSU immediately prior to the Effective Time multiplied by (ii) $9.25. Each Parent Equity Cash Award remains outstanding after the Effective Time and is subject to the same terms and conditions that applied to the corresponding RSU immediately prior to the Effective Time, including the applicable vesting schedule, acceleration (including double-trigger vesting protection) and payment-timing provisions
Key Figures
Common shares disposed: 69,329 shares
RSUs converted: 62,500 units
Merger cash price: $9.25 per share
+1 more
4 metrics
Common shares disposed
69,329 shares
Disposition to issuer at $9.25 per share on 2026-07-21 under Merger Agreement
RSUs converted
62,500 units
RSUs converted into cash-based Parent Equity Cash Awards at $9.25 per underlying share
Merger cash price
$9.25 per share
Cash consideration per KORE common share in Agreement and Plan of Merger dated February 26, 2026
Common shares after transaction
0 shares
Directly held KORE common stock reported by Gordon Bruce William after merger-related disposition
Key Terms
Agreement and Plan of Merger, Parent Equity Cash Award, double-trigger vesting protection, restricted stock units ("RSUs")
4 terms
Agreement and Plan of Merger regulatory
"transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement")"
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.
Parent Equity Cash Award financial
"converted into the right to receive a cash-based award (a "Parent Equity Cash Award")"
double-trigger vesting protection financial
"including the applicable vesting schedule, acceleration (including double-trigger vesting protection)"
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did KORE (KORE) report for Gordon Bruce William?
KORE reported that Gordon Bruce William disposed of 69,329 common shares and 62,500 RSUs on July 21, 2026. These equity interests were converted into cash or cash-based awards at $9.25 per share in connection with a merger.
How many KORE (KORE) restricted stock units did Gordon Bruce William have converted?
Gordon Bruce William had 62,500 restricted stock units (RSUs) converted at the merger’s effective time. Each RSU became a Parent Equity Cash Award equal to the number of underlying shares multiplied by $9.25, retaining the original vesting and payment terms.
Does Gordon Bruce William still hold KORE (KORE) common stock after these transactions?
After the merger-related disposition, Gordon Bruce William reported 0 shares of KORE common stock directly held. His previously held shares were converted into the right to receive $9.25 per share in cash pursuant to the Merger Agreement terms.
Were Gordon Bruce William's KORE (KORE) transactions made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox was not selected, and the footnotes do not reference any trading plan. The reported dispositions arise from merger mechanics rather than a pre-arranged 10b5-1 trading program.
What merger affected Gordon Bruce William's KORE (KORE) equity awards?
His equity was affected by a merger under an Agreement and Plan of Merger dated February 26, 2026, among KORE, KONA Parent, L.P. and KONA Merger Sub Co.. Each common share and RSU was economically converted based on a $9.25 per share value.