KORE CEO RSUs Vest, Shares Used for Tax Withholding
KORE Group Holdings, Inc. President & CEO Ronald Totton had Restricted Stock Units vest into 65,000 shares of common stock on June 30, 2026, as disclosed in a Form 4.
Rhea-AI Filing Summary
KORE Group Holdings, Inc. President & CEO Ronald Totton had Restricted Stock Units vest into 65,000 shares of common stock on June 30, 2026, as disclosed in a Form 4. According to the filing, 19,565 shares of common stock were surrendered at $9.23 per share to satisfy tax withholding obligations, while the remaining shares from the RSU vesting increased his direct equity position. The transactions reflect compensation-related RSU vesting, derivative exercises and associated tax withholding, rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
65,000 shares exercised/converted
Exercise
6 txns
Insider
Totton Ronald
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 40,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 40,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,040 | $9.23 | $111K |
| Exercise | Common Stock | 25,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,525 | $9.23 | $69K |
Holdings After Transaction:
Restricted Stock Units — 75,000 contracts (Direct);
Common Stock — 92,036 shares (Direct)
Footnotes (5)
- F1. Shares of issuer's common stock received upon vesting of Restricted Stock Units ("RSUs").
- F2. Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations.
- F3. Each RSU represents a right to receive one share of the issuer's common stock.
- F4. The reported RSUs vested in full on June 30, 2026.
- F5. The remaining reported RSUs will vest in three equal installments on each of June 30, 2027, June 30, 2028, and June 30, 2029, assuming the continuous employment or service of the reporting person with the issuer.
Key Figures
RSU Shares Vested: 65,000 shares
Shares Surrendered for Taxes: 19,565 shares
Tax Withholding Price: $9.23 per share
+2 more
5 metrics
RSU Shares Vested
65,000 shares
Common stock received upon RSU vesting on June 30, 2026
Shares Surrendered for Taxes
19,565 shares
Common stock surrendered to satisfy tax withholding obligations
Tax Withholding Price
$9.23 per share
Transaction price for F-code tax-withholding dispositions
Tax Withholding Transactions
2 transactions
F-code dispositions to cover tax liabilities
Derivative Exercises
2 transactions
M-code exercises/conversions related to RSUs
Key Terms
Restricted Stock Units, tax withholding obligations, derivative exercise/conversion, Payment of exercise price or tax liability by delivering securities, +2 more
6 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 exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
vested in full financial
"The reported RSUs vested in full on June 30, 2026."
three equal installments financial
"The remaining reported RSUs will vest in three equal installments on each of June 30, 2027, June 30, 2028, and June 30, 2029"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did KORE (KORE) disclose for Ronald Totton?
KORE reported that President & CEO Ronald Totton had Restricted Stock Units vest into 65,000 common shares. Part of these shares were surrendered to cover tax withholding obligations, while the rest remained as directly held equity, reflecting compensation-related activity rather than open-market trading.
Were Ronald Totton’s KORE (KORE) transactions open-market buys or sells?
The transactions were not open-market purchases or sales. They are classified as derivative exercises and tax-withholding dispositions. RSUs converted into common stock using code M, and shares were surrendered under code F specifically to cover tax obligations upon vesting, per the code descriptions and footnotes.
What do the KORE (KORE) Form 4 footnotes say about the RSUs?
Footnotes explain the reported common shares were received upon vesting of Restricted Stock Units, with each RSU equal to one share. They state the reported RSUs vested in full on June 30, 2026, and that remaining RSUs will vest in three equal installments in 2027, 2028 and 2029.
Does Ronald Totton still hold unvested KORE (KORE) RSUs after this filing?
Yes. A footnote states the remaining reported RSUs will vest in three equal installments on June 30, 2027, June 30, 2028 and June 30, 2029, assuming his continuous employment or service with KORE. This indicates additional unvested RSU awards continue beyond the June 2026 vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
