KORE Group EVP exits 478,617 shares in cash merger
KORE Group Holdings, Inc. executive Jared Deith, EVP & Chief Revenue Officer, disposed of 478,617 shares of common stock in a disposition to the issuer on July 21, 2026.
Rhea-AI Filing Summary
KORE Group Holdings, Inc. executive Jared Deith, EVP & Chief Revenue Officer, disposed of 478,617 shares of common stock in a disposition to the issuer on July 21, 2026. In connection with the consummation of transactions under an Agreement and Plan of Merger dated February 26, 2026 among the company, KONA Parent, L.P. and KONA Merger Sub Co., each share was converted into the right to receive $9.25 in cash. Following this conversion, Deith reported holding 0 shares of KORE common stock.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1 | 478,617 | $9.25 | $4.43M |
Footnotes (1)
- 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.
Key Figures
Key Terms
Agreement and Plan of Merger regulatory
disposition to issuer financial
right to receive an amount in cash financial
FAQ
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What transaction did KORE (KORE) executive Jared Deith report?
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Was Jared Deiths KORE (KORE) transaction made under a Rule 10b5-1 trading plan?
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