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KVH Industries (KVHI) director gets 13,499 restricted shares

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

KVH INDUSTRIES INC (KVHI) reported that director David Tolley acquired 13,499 shares of common stock on August 20, 2026 through a restricted stock grant for his continued service on the board and its committees under the company’s amended and restated 2016 Equity & Incentive Plan. These restricted shares will vest in four installments on November 20, 2026, February 20, 2027, May 20, 2027, and August 20, 2027, subject to his continued board membership. Following this grant, Tolley holds 76,234 KVHI common shares directly.

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Insider Tolley David
Role Director
Type Security Shares Price Value
Other Common Stock F1 13,499 $0.00 $0.00
Holdings After Transaction: Common Stock — 76,234 shares (Direct)
Footnotes (1)
  1. F1. Restricted stock grant for continued participation on KVH's board of directors (including various committee positions) issued pursuant to the terms & conditions of KVH Industries' amended and restated 2016 Equity & Incentive Plan. Restricted stock will vest in four installments on each of 11/20/2026, 2/20/2027, 5/20/2027, 8/20/2027, provided Mr. Tolley is still a board member of KVH Industries, Inc.
Restricted stock grant 13,499 shares Restricted stock awarded to David Tolley on 2026-08-20 for board service
Grant price per share $0.0000 per share Reported transaction price for the 13,499 restricted shares
Shares owned after transaction 76,234 shares David Tolley’s direct KVHI common stock holdings following the grant
Number of vesting installments 4 installments Restricted stock vests on 11/20/2026, 2/20/2027, 5/20/2027, 8/20/2027
Restricted stock financial
"Restricted stock grant for continued participation on KVH's board of directors"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest financial
"Restricted stock will vest in four installments on each of 11/20/2026"
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.
Equity & Incentive Plan financial
"issued pursuant to the terms & conditions of KVH Industries' amended and restated 2016 Equity & Incentive Plan"

FAQ

What insider transaction did KVHI director David Tolley report on this Form 4?

David Tolley reported acquiring 13,499 shares of KVHI common stock on August 20, 2026 via a restricted stock grant issued for his continued service on the company’s board and committees under the amended and restated 2016 Equity & Incentive Plan.

How many KVHI shares does David Tolley hold after this Form 4 transaction?

After the reported transaction, David Tolley directly holds 76,234 shares of KVH INDUSTRIES INC (KVHI) common stock. This figure reflects his position following the August 20, 2026 restricted stock grant of 13,499 shares.

What are the vesting terms of David Tolley’s 13,499 restricted KVHI shares?

The 13,499 restricted shares granted to David Tolley will vest in four installments on 11/20/2026, 2/20/2027, 5/20/2027, and 8/20/2027, provided he continues to serve as a board member of KVH Industries, Inc. on each vesting date.

Was David Tolley’s KVHI restricted stock grant made under a company equity plan?

Yes. The restricted stock grant of 13,499 KVHI shares to David Tolley was issued pursuant to the terms and conditions of KVH Industries' amended and restated 2016 Equity & Incentive Plan, as disclosed in the Form 4 footnote.

Did David Tolley pay a purchase price for the 13,499 KVHI restricted shares?

No purchase price was reported. The Form 4 lists $0.0000 per share for the 13,499 restricted shares, indicating they were awarded as equity compensation for continued participation on KVH’s board and various committees.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Tolley David

(Last)(First)(Middle)
500 WOOD STREET
UNIT 320, 1ST FLOOR

(Street)
BRISTOL RHODE ISLAND 02809

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
KVH INDUSTRIES INC \DE\ [ KVHI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock08/20/2026J(1)13,499A$076,234D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock grant for continued participation on KVH's board of directors (including various committee positions) issued pursuant to the terms & conditions of KVH Industries' amended and restated 2016 Equity & Incentive Plan. Restricted stock will vest in four installments on each of 11/20/2026, 2/20/2027, 5/20/2027, 8/20/2027, provided Mr. Tolley is still a board member of KVH Industries, Inc.
David Tolley08/24/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)