KTEL.OQBKonatel, INC
Form 4: KonaTel Director Beaty Boosts Stake
Sentiment:
Insider Transaction Report
KonaTel Director Robert Matthew Beaty increased his direct beneficial ownership of common stock by 14,612 shares through option exercise and share conveyance.
Summary
- Robert Matthew Beaty, a Director of KonaTel, Inc. (KTEL), reported changes in his beneficial ownership of company securities.
- On August 11, 2025, Mr. Beaty exercised 25,000 Incentive Stock Options (ISOs) granted on August 12, 2020, at an exercise price of $0.1309 per share.
- To pay for the exercise, he conveyed 10,388 shares of KonaTel common stock, which he had acquired on February 9, 2023, back to the company.
- As a result of these transactions, his direct beneficial ownership of common stock increased by a net of 14,612 shares (25,000 shares acquired minus 10,388 shares disposed).
- His total direct beneficial ownership of common stock following these transactions is 179,668 shares.
- Additionally, 25,000 options with an exercise price of $0.2618, granted on May 12, 2020, and expiring on May 12, 2025, expired unexercised.
- Mr. Beaty holds a total of 1,025,000 derivative securities (options) directly following these reported transactions.
Sentiment
Score: 5
Explanation: The filing is a standard disclosure of insider transactions, reflecting both an increase in direct stock ownership and the expiration of some options. It does not inherently convey positive or negative sentiment about the company's overall performance or future prospects, but rather details a director's equity activity.
Positives
- Director Robert Matthew Beaty increased his direct beneficial ownership of KonaTel common stock by a net of 14,612 shares.
- The exercise of 25,000 Incentive Stock Options at $0.1309 indicates a belief in the value of the shares at or above this price.
Negatives
- 10,388 shares of common stock were conveyed to the company as payment for option exercise, reducing direct ownership.
- 25,000 options with an exercise price of $0.2618 expired unexercised, suggesting the market price was below this strike price at expiration.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The conveyance of 10,388 shares to the company for the payment of option exercise is a transaction between a director and the company.
Stakeholder Impact
- Shareholders: Provides transparency into a director's confidence and activity in company stock, potentially influencing investor sentiment.
- Employees: No direct impact mentioned.
- Customers: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
- Creditors: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 2020-05-12 | Grant date for 25,000 options with $0.2618 exercise price, expiring 05/12/2025. |
| 2020-08-12 | Grant date for 25,000 Incentive Stock Options (ISOs) with $0.1309 exercise price, expiring 08/12/2025. Also, grant date for other options. |
| 2021-02-12 | Grant date for 25,000 options with $0.44 exercise price, expiring 02/11/2026. |
| 2021-05-12 | Grant date for 25,000 options with $0.66 exercise price, expiring 05/11/2026. |
| 2021-08-12 | Grant date for 25,000 options with $0.935 exercise price, expiring 08/11/2026. |
| 2021-11-12 | Grant date for 25,000 options with $1.925 exercise price, expiring 11/11/2026. |
| 2022-02-12 | Grant date for 25,000 options with $1.144 exercise price, expiring 02/11/2027. |
| 2022-05-12 | Grant date for 25,000 options with $1.012 exercise price, expiring 05/12/2027. |
| 2022-08-12 | Grant date for 25,000 options with $1.914 exercise price, expiring 08/12/2027. |
| 2022-11-12 | Grant date for 25,000 options with $1.32 exercise price, expiring 11/12/2027. |
| 2023-02-09 | Date 10,388 shares of common stock were acquired by the reporting person, later used for option exercise payment. |
| 2023-02-13 | Grant date for 25,000 options with $0.814 exercise price, expiring 02/13/2028. |
| 2023-05-12 | Grant date for 25,000 options with $0.871 exercise price, expiring 05/13/2028. |
| 2024-11-29 | Grant date for 33,333 options with $0.41 exercise price, expiring 11/29/2028. |
| 2025-05-12 | Expiration date for 25,000 options with $0.2618 exercise price, which expired unexercised. |
| 2025-08-11 | Transaction date for the exercise of 25,000 options and conveyance of 10,388 shares. |
| 2025-08-12 | Filing date of the Form 4 and signature date. Also, expiration date for 25,000 options with $0.1309 exercise price. |
| 2025-11-29 | Grant date for 33,333 options with $0.41 exercise price, expiring 11/29/2028, and 216,666 options with $0.41 exercise price, expiring 11/29/2029. |
| 2026-02-11 | Expiration date for 25,000 options with $0.44 exercise price. |
| 2026-05-11 | Expiration date for 25,000 options with $0.66 exercise price. |
| 2026-08-11 | Expiration date for 25,000 options with $0.935 exercise price. |
| 2026-11-11 | Expiration date for 25,000 options with $1.925 exercise price. |
| 2026-11-29 | Grant date for 33,334 options with $0.41 exercise price, expiring 11/29/2028, and 216,667 options with $0.41 exercise price, expiring 11/29/2029. |
| 2027-02-11 | Expiration date for 25,000 options with $1.144 exercise price. |
| 2027-05-12 | Expiration date for 25,000 options with $1.012 exercise price. |
| 2027-08-12 | Expiration date for 25,000 options with $1.914 exercise price. |
| 2027-11-12 | Expiration date for 25,000 options with $1.32 exercise price. |
| 2027-11-29 | Grant date for 216,667 options with $0.41 exercise price, expiring 11/29/2029. |
| 2028-02-13 | Expiration date for 25,000 options with $0.814 exercise price. |
| 2028-05-13 | Expiration date for 25,000 options with $0.871 exercise price. |
| 2028-11-29 | Expiration date for options granted on 11/29/2024, 11/29/2025, and 11/29/2026 with $0.41 exercise price. |
| 2029-11-29 | Expiration date for options granted on 11/29/2025, 11/29/2026, and 11/29/2027 with $0.41 exercise price. |
Keywords
KonaTel, KTEL, SEC Form 4, Insider Trading, Stock Options, Beneficial Ownership, Director Stock, Equity Transactions, Incentive Stock Options, Cashless Exercise
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