KORE Group Holdings (NYSE: KORE) EVP updates stake after RSU vesting
Rhea-AI Filing Summary
KORE Group Holdings, Inc. executive Jack William Kennedy Jr., EVP, Chief Legal Officer & Secretary, exercised 8,000 Restricted Stock Units into 8,000 shares of common stock on May 22, 2026. In a related tax-withholding disposition, 2,336 common shares were surrendered at $9.18 per share. After these transactions, he directly holds 50,326 shares of KORE common stock. Remaining reported RSUs are scheduled to vest on May 22, 2027, assuming his continuous employment or service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,664 shares
Net Buy
3 txns
Insider
Kennedy Jack William Jr.
Role
EVP, Chief Legal Officer & Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,336 | $9.18 | $21K |
Holdings After Transaction:
Restricted Stock Units — 8,000 shares (Direct);
Common Stock — 50,326 shares (Direct)
Footnotes (4)
- 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 remaining reported RSUs will vest in full on May 22, 2027, assuming the continuous employment or service of the reporting person with the issuer.
Key Figures
RSUs Exercised: 8,000 units
Common Shares Acquired from RSUs: 8,000 shares
Shares Surrendered for Taxes: 2,336 shares
+3 more
6 metrics
RSUs Exercised
8,000 units
Restricted Stock Units vested and converted into common stock on May 22, 2026
Common Shares Acquired from RSUs
8,000 shares
Shares of KORE common stock received upon vesting of RSUs
Shares Surrendered for Taxes
2,336 shares
Common stock surrendered in a tax-withholding disposition related to RSU vesting
Tax Withholding Price
$9.18 per share
Price applied to 2,336 common shares surrendered for tax withholding obligations
Post-Transaction Common Holdings
50,326 shares
Direct holdings of KORE common stock after the reported transactions
Remaining RSU Vesting Date
May 22, 2027
Remaining reported RSUs scheduled to vest, assuming continuous employment or service
Key Terms
Restricted Stock Units, tax withholding obligations, continuous employment or service
3 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."
continuous employment or service financial
"will vest in full on May 22, 2027, assuming the continuous employment or service of the reporting person"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did KORE (KORE) EVP Jack William Kennedy Jr. do in this Form 4?
He exercised 8,000 Restricted Stock Units into common stock and had 2,336 shares surrendered for taxes. Following these equity transactions, he directly holds 50,326 shares of KORE Group Holdings, Inc. common stock.
What RSU activity did KORE (KORE) report for Jack William Kennedy Jr.?
KORE reported that he exercised 8,000 Restricted Stock Units, each representing a right to receive one share of common stock. These RSUs vested on May 22, 2026, increasing his direct common stock holdings before tax-related share surrender.
When will the remaining RSUs for KORE (KORE) EVP Jack William Kennedy Jr. vest?
The remaining reported Restricted Stock Units are expected to vest in full on May 22, 2027, assuming the continuous employment or service of Jack William Kennedy Jr. with KORE Group Holdings, Inc.