KVH (KVHI) Form 4: Director David Tolley receives 19,364 restricted shares

Rhea-AI Filing Summary

David Tolley, a director of KVH Industries, Inc. (KVHI), was granted 19,364 shares of restricted common stock on 08/21/2025. The grant was issued under KVH's amended and restated 2016 Equity & Incentive Plan as compensation for continued board service, including committee roles. Following the grant, Mr. Tolley beneficially owns 62,735 shares. The restricted shares vest in four installments on 11/21/2025, 02/21/2026, 05/21/2026 and 08/21/2026, provided he remains a KVH board member on each vesting date.

Insights

Corporate Governance Expert

TL;DR: A standard restricted stock grant aligns a director with shareholder interests via time-based vesting tied to continued board service.

This restricted stock award of 19,364 shares appears to be routine director compensation under the companys equity plan. Time-based vesting across four installments incentivizes continued service and retention of equity. The filing discloses the post-transaction beneficial ownership of 62,735 shares, which helps assess insider stake. There are no derivative transactions, no cash paid for the grant, and vesting is conditional on board membership.

Securities Analyst

TL;DR: The Form 4 shows a non-cash restricted stock grant with scheduled vesting; it is a routine corporate governance disclosure.

The transaction code indicates a grant rather than an open-market purchase or sale. The absence of a price confirms these are restricted shares issued as compensation. The clear vesting schedule and the post-grant ownership figure allow investors to quantify insider alignment and potential future share release into the float as vesting occurs.

SEC Form 4

FORM 4

UNITED 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

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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)

75 ENTERPRISE CENTER

(Street)

MIDDLETOWN RI 02842

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KVH INDUSTRIES INC \DE\ [ KVHI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/21/2025		J(1)		19,364	A	$0	62,735	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 11/21/2025, 2/21/2026, 5/21/2026, 8/21/2026, provided Mr. Tolley is still a board member of KVH Industries, Inc.

	David Tolley	08/25/2025
	** Signature of Reporting Person	Date
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.