KonaTel (KTEL) director sees 675K options lapse unexercised
Rhea-AI Filing Summary
KonaTel, Inc. director Robert Matthew Beaty reported the expiration of option awards linked to KonaTel common stock. Four option positions covering a total of 675,000 underlying shares, with exercise prices of $0.935 and $0.410, were reported as dispositions coded as "other acquisition or disposition" and footnoted as options that expired unexercised. Beaty continues to hold derivative positions shown as options on additional blocks of 25,000–333,334 underlying shares at exercise prices between $0.410 and $1.925, as well as 199,068 directly held KonaTel common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
19 transactions reported
Mixed
19 txns
Insider
Beaty Robert Matthew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Option F2, F1 | 25,000 | $0.935 | $23K |
| Other | Option F2, F3, F1 | 216,666 | $0.41 | $89K |
| Other | Option F2, F3, F1 | 216,667 | $0.41 | $89K |
| Other | Option F2, F3, F1 | 216,667 | $0.41 | $89K |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Option F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Option — 2,775,001 shares (Direct);
Common Stock — 199,068 shares (Direct)
Footnotes (3)
- F1. Options granted to Mr. Beaty under the Company's Incentive Stock Option Plan.
- F2. These options expired unexercised.
- F3. These options were granted November 29, 2023, pursuant to a Mobile Reseller Agreement with VIVA-US Telecommunications, Inc. This Agreement was extended an additional year from the date of grant, and the exercise prices were reduced, effective September 17, 2024; regardless, the terms and conditions of the grant were not timely satisfied, and therefore all of these options expired November 29, 2025.
Key Figures
Options expired unexercised: 675,000 shares
Expired option exercise price: $0.935 per share
Expired option exercise price (VIVA grant): $0.410 per share
+3 more
6 metrics
Options expired unexercised
675,000 shares
Total underlying KonaTel common shares for four option positions coded as dispositions
Expired option exercise price
$0.935 per share
25,000-option grant expiring August 11, 2026, reported as expired unexercised
Expired option exercise price (VIVA grant)
$0.410 per share
Three option grants totaling 650,000 underlying shares, expired November 29, 2025
Direct common stock holdings
199,068 shares
Directly held KonaTel common stock reported as of November 29, 2025
Highest remaining option exercise price
$1.925 per share
Option on 25,000 underlying shares expiring November 11, 2026
Lowest remaining option exercise price
$0.410 per share
Multiple option tranches expiring between November 29, 2028 and November 29, 2029
Key Terms
Incentive Stock Option Plan, Mobile Reseller Agreement, expired unexercised, exercise price, +1 more
5 terms
Incentive Stock Option Plan financial
"Options granted to Mr. Beaty under the Company's Incentive Stock Option Plan"
A plan that gives employees the right to buy company shares at a fixed price after a vesting period, often with special tax treatment if the shares are held long enough. For investors it matters because these options can motivate and retain staff by tying pay to company performance, but they also increase the number of shares outstanding over time and can dilute existing shareholders and affect reported earnings — think of them as employee coupons for future ownership.
Mobile Reseller Agreement financial
"granted November 29, 2023, pursuant to a Mobile Reseller Agreement with VIVA-US"
expired unexercised financial
"These options expired unexercised"
exercise price financial
"the exercise prices were reduced, effective September 17, 2024"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transactions did KonaTel (KTEL) director Robert Matthew Beaty report on this Form 4?
Robert Matthew Beaty reported four option positions as dispositions, covering 675,000 underlying KonaTel common shares. Footnotes state these options expired unexercised, so no shares were acquired through exercise in these transactions.
How many KonaTel (KTEL) options did Beaty have that expired unexercised?
Beaty reported options on 675,000 underlying KonaTel common shares that expired unexercised. These include one grant for 25,000 shares at $0.935 and three grants totaling 650,000 shares at an exercise price of $0.410 per share.
What KonaTel (KTEL) common stock holdings does Robert Matthew Beaty report after these option expirations?
Beaty reports direct ownership of 199,068 KonaTel common shares. In addition, he holds multiple option positions on KonaTel common stock with various exercise prices and expiration dates, as listed in the derivative holdings and summary sections.
What are the key terms of Beaty’s remaining KonaTel (KTEL) stock options?
Beaty’s remaining options cover blocks of 25,000–333,334 underlying KonaTel shares with exercise prices between $0.410 and $1.925, and expiration dates ranging from August 11, 2026 to November 29, 2029, all held as direct ownership.
Were any of Beaty’s KonaTel (KTEL) options tied to a specific commercial agreement?
Yes. A footnote explains that certain options were granted on November 29, 2023 under a Mobile Reseller Agreement with VIVA-US Telecommunications, Inc. The agreement was extended and exercise prices reduced, but the grant conditions were not met, so all expired on November 29, 2025.
Are Beaty’s expiring options under a KonaTel (KTEL) incentive plan?
A footnote states that some options were granted to Beaty under the Company’s Incentive Stock Option Plan. For one such grant, 25,000 options at an exercise price of $0.935 with an expiration of August 11, 2026 are noted as having expired unexercised.
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