Director Joseph Spytek receives 18,000 restricted KVH shares with staged vesting

Rhea-AI Filing Summary

KVH Industries director Joseph A. Spytek received a grant of 18,000 restricted shares of common stock on 08/21/2025 as compensation for board service. The shares were issued under the company’s amended and restated 2016 Equity & Incentive Plan and will vest in four installments on 11/21/2025, 02/21/2026, 05/21/2026 and 08/21/2026, provided Mr. Spytek remains a board member. The Form 4 reports 18,000 shares beneficially owned following the transaction and indicates the filing was signed 08/28/2025.

Positive

• Director compensation in equity aligns executive incentives with long-term shareholder value
• Time-based vesting (four installments through 08/21/2026) promotes retention and continued service

Negative

• Issuance increases share count and could cause minor dilution, though materiality is not stated

Insights

Corporate Governance Expert

TL;DR Routine director equity grant aligns incentives; vesting schedule conditions retention.

The 18,000-share restricted stock award reflects standard board compensation practices aimed at aligning the director’s interests with shareholders via equity rather than cash. The four-installment vesting across approximately 12 months conditions full ownership on continued service, supporting director retention. There is no indication of accelerated vesting or related-party transactions beyond the director relationship disclosed.

Securities Analyst

TL;DR Non-derivative issuance is routine and unlikely to be materially market-moving.

The reported issuance increases the director’s direct beneficial ownership to 18,000 shares. The filing shows a zero price (indicative of a grant rather than a purchase). Absent additional context on total shares outstanding or other concurrent insider activity, this disclosure is a standard compensation event with limited immediate valuation impact.

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

OMB APPROVAL

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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^*

Spytek Joseph Anthony

(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)		18,000	A	$0	18,000	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 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. Spytek is still a board member of KVH Industries, Inc.

	Joseph Spytek	08/28/2025
	** 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.

FAQ

What did Joseph A. Spytek report on Form 4 for KVHI?

The Form 4 reports a grant of 18,000 restricted shares of KVH Industries common stock granted on 08/21/2025 and beneficially owned following the transaction.

When do the restricted shares vest for Mr. Spytek?

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 board member.

Was there a purchase price for the shares reported?

The transaction is reported with a price of $0, indicating the shares were granted rather than bought.

What is Mr. Spytek’s ownership after the transaction?

The Form reports Mr. Spytek beneficially owns 18,000 shares following the reported transaction.

Under what plan were the shares issued?

The shares were issued under KVH Industries’ amended and restated 2016 Equity & Incentive Plan.