KORE Group CEO shares converted at $9.25 in merger
KORE Group Holdings, Inc. director and President & CEO Ronald Totton reported merger-related equity conversions on July 21, 2026.
Rhea-AI Filing Summary
KORE Group Holdings, Inc. director and President & CEO Ronald Totton reported merger-related equity conversions on July 21, 2026. 92,036 common shares were disposed of and converted into the right to receive $9.25 per share in cash under an Agreement and Plan of Merger with KONA Parent. 75,000 restricted stock units were similarly disposed of and converted into cash-based “Parent Equity Cash Awards” equal to 75,000 shares times $9.25, which remain outstanding and follow the original RSU vesting and payment terms, including double-trigger vesting protection.
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Insights
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Insider Trade Summary
Disposition: 167,036 shares
Disposition
2 txns
Insider
Totton Ronald
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units F2 | 75,000 | $9.25 | $694K |
| Disposition | Common Stock F1 | 92,036 | $9.25 | $851K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (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 converted: 92,036 shares
RSUs converted: 75,000 RSUs
Merger cash price: $9.25 per share
+1 more
4 metrics
Common shares converted
92,036 shares
Common stock converted into $9.25 per share cash on July 21, 2026
RSUs converted
75,000 RSUs
RSUs converted into cash-based Parent Equity Cash Awards at $9.25 per share equivalent
Merger cash price
$9.25 per share
Cash consideration per share for KORE common stock and RSUs under the Merger Agreement
Merger agreement date
February 26, 2026
Date of Agreement and Plan of Merger among KORE, KONA Parent, L.P. and KONA Merger Sub Co.
Key Terms
Agreement and Plan of Merger, restricted stock units, Parent Equity Cash Award, double-trigger vesting protection
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.
restricted stock units financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents"
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.
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)"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did KORE (KORE) CEO Ronald Totton report in this Form 4 filing?
Ronald Totton reported merger-related dispositions of his KORE equity. 92,036 common shares were converted into the right to receive $9.25 per share in cash, and 75,000 RSUs were converted into equivalent cash-based awards that retain their original vesting and payment terms.
What happened to Ronald Totton’s 75,000 KORE (KORE) RSUs in the merger?
Totton’s 75,000 restricted stock units were converted into “Parent Equity Cash Awards.” Each award equals the RSU share count multiplied by $9.25 and remains outstanding, subject to the same vesting, acceleration (including double-trigger) and payment-timing provisions as the original RSUs.
Does Ronald Totton hold KORE (KORE) common stock after these transactions?
After these merger-related dispositions, reported holdings of KORE common stock were reduced to zero. Instead of shares, Totton now holds cash-based awards tied to the former RSUs, which continue under the same vesting and payment conditions specified before the merger’s Effective Time.
What merger agreement affected KORE (KORE) CEO Ronald Totton’s equity?
The transactions stem from an Agreement and Plan of Merger dated February 26, 2026, among KORE Group Holdings, KONA Parent, L.P., and KONA Merger Sub Co. Upon consummation, Totton’s common shares and RSUs were converted into cash consideration based on a $9.25 per-share value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
