KORE EVP reports RSU vesting and tax share surrender
KORE Group Holdings EVP & Chief Revenue Officer Jared Deith reported routine equity compensation activity.
Rhea-AI Filing Summary
KORE Group Holdings EVP & Chief Revenue Officer Jared Deith reported routine equity compensation activity. On June 30, 2026, Restricted Stock Units (RSUs) vested and were converted into 37,500 shares of common stock, with each RSU representing one share.
To cover tax withholding obligations upon vesting, 13,181 shares of common stock were surrendered at a price of $9.23 per share rather than sold in the open market. After these transactions, Deith directly holds 462,405 shares of KORE common stock and 37,500 RSUs that are scheduled to vest in three equal installments on June 30, 2027, June 30, 2028, and June 30, 2029, assuming continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
37,500 shares exercised/converted
Exercise
6 txns
Insider
Deith Jared
Role
EVP & Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,500 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,393 | $9.23 | $41K |
| Exercise | Common Stock | 25,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,788 | $9.23 | $81K |
Holdings After Transaction:
Restricted Stock Units — 37,500 contracts (Direct);
Common Stock — 478,617 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 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.
- F5. The reported RSUs vested in full on June 30, 2026.
Key Figures
RSUs vested: 37,500 shares
Tax-withholding shares: 13,181 shares
Tax-withholding price: $9.23 per share
+2 more
5 metrics
RSUs vested
37,500 shares
Restricted Stock Units converted to KORE common stock on June 30, 2026
Tax-withholding shares
13,181 shares
Common stock surrendered to satisfy tax obligations at vesting
Tax-withholding price
$9.23 per share
Value used for surrendered KORE common shares
Shares owned after transactions
462,405 shares
Direct KORE common stock holdings following June 30, 2026 events
RSUs remaining
37,500 RSUs
Unvested RSUs scheduled to vest in three equal installments 2027–2029
Key Terms
Restricted Stock Units, RSUs, tax withholding obligations, derivative security
4 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.
RSUs financial
"Each RSU represents a right to receive one share of the issuer's common stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax withholding obligations financial
"Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations."
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did KORE (KORE) EVP Jared Deith report in this Form 4?
Jared Deith reported RSU vesting that converted into 37,500 KORE common shares, plus share surrenders to cover tax withholding. These are routine compensation-related transactions rather than open-market stock purchases or sales.
Were Jared Deith’s KORE (KORE) transactions open-market buys or sells?
The filing shows no open-market buys or sells. Shares were acquired through RSU vesting and some were surrendered to satisfy tax withholding obligations, which is classified as a tax-withholding disposition rather than a discretionary market trade.
How many KORE (KORE) RSUs vested for Jared Deith on June 30, 2026?
On June 30, 2026, 37,500 Restricted Stock Units vested for Jared Deith, each converting into one share of KORE common stock. The filing notes that these reported RSUs vested in full on that date in line with their terms.
What KORE (KORE) RSUs remain outstanding for Jared Deith after this filing?
Following the reported vesting, 37,500 KORE RSUs remain outstanding for Jared Deith. According to the filing, these RSUs will vest in three equal installments on June 30, 2027, June 30, 2028, and June 30, 2029, assuming continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
