KORE (NYSE: KORE) CFO Bellomo logs RSU vesting and tax-share surrender
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KORE Group Holdings executive John Anthony Bellomo, the company’s Executive Vice President, Chief Financial Officer and Treasurer, reported routine equity compensation activity. On June 2, 2026, 25,000 Restricted Stock Units (RSUs) vested, each converting into one share of KORE common stock.
To cover tax withholding obligations at vesting, 13,718 of these shares were surrendered back to the issuer, leaving Bellomo with 11,282 shares of common stock from this vesting event. Following the transaction, he also holds 50,000 RSUs that are scheduled to vest in two equal installments on June 2, 2027 and June 2, 2028, assuming continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
25,000 shares exercised/converted
Mixed
3 txns
Insider
Bellomo John Anthony
Role
Exec. Vice Pres., CFO & Treas.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 25,000 | $0.00 | -- |
| Exercise | Common Stock | 25,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,718 | $9.19 | $126K |
Holdings After Transaction:
Restricted Stock Units — 50,000 shares (Direct, null);
Common Stock — 25,000 shares (Direct, null)
Footnotes (1)
- Shares of issuer's common stock received upon vesting of Restricted Stock Units ("RSUs"). Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations. Each RSU represents a right to receive one share of the issuer's common stock. The remaining reported RSUs will vest in two equal installments on each of June 2, 2027 and June 2, 2028, assuming the continuous employment or service of the reporting person with the issuer.
Key Figures
RSUs vested: 25,000 units
Shares surrendered for taxes: 13,718 shares
Net shares from vesting: 11,282 shares
+3 more
6 metrics
RSUs vested
25,000 units
Converted into common stock on June 2, 2026
Shares surrendered for taxes
13,718 shares
Tax withholding upon RSU vesting
Net shares from vesting
11,282 shares
Common stock remaining after tax surrender
Remaining RSUs
50,000 units
Outstanding after this transaction
Future vesting dates
June 2, 2027 & June 2, 2028
Remaining RSUs vest in two equal installments
Tax value per share
$9.19 per share
Share value used for tax-withholding disposition
Key Terms
Restricted Stock Units, tax withholding obligations, vest, derivative exercise/conversion, +1 more
5 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."
vest financial
"The remaining reported RSUs will vest in two equal installments on each of June 2, 2027 and June 2, 2028."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did KORE (KORE) CFO John Bellomo report?
KORE CFO John Bellomo reported RSU vesting that converted 25,000 RSUs into common shares. As part of the same event, some shares were surrendered to cover tax withholding obligations, making this a routine compensation and tax transaction rather than an open-market trade.
How many Restricted Stock Units does the KORE (KORE) CFO still hold?
After this transaction, John Bellomo holds 50,000 Restricted Stock Units. According to the disclosure, these remaining RSUs will vest in two equal installments on June 2, 2027 and June 2, 2028, contingent on his continued employment with KORE.
Was there any open-market buying or selling by the KORE (KORE) CFO?
No open-market trades were reported. The filing shows an M code exercise of RSUs into common shares and an F code surrender of shares for tax withholding, both standard equity compensation mechanics rather than market purchases or sales.