Form 4: KonaTel Director Jeffrey Pearl Reports Stock Transactions
SEC Form 4 Filing
Director Jeffrey Pearl reports acquiring and disposing of KonaTel, Inc. common stock and exercising options.
Summary
- On April 25, 2025, Jeffrey Pearl, a director of KonaTel, Inc. (KTEL), reported transactions involving the company's common stock.
- Pearl conveyed 10,267 shares of common stock to the company at $0.1232 per share.
- These shares were acquired on January 27, 2025, and used to cover the exercise price of 25,000 Incentive Stock Options (ISOs) granted on April 28, 2020.
- Pearl also acquired 25,000 shares of common stock through the exercise of options at a price of $0.1232 per share.
- Following these transactions, Pearl directly owns 126,426 shares of KonaTel common stock and holds options for 300,000 additional shares at varying exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't convey any explicit positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 04/28/2020 | Grant date of 25,000 ISOs exercised by Jeffrey Pearl. |
| 07/28/2020 | Date of options exercisable and expiring on 07/28/2025. |
| 10/28/2020 | Date of options exercisable and expiring on 10/28/2025. |
| 01/28/2021 | Date of options exercisable and expiring on 01/28/2026. |
| 04/28/2021 | Date of options exercisable and expiring on 04/27/2026. |
| 07/28/2021 | Date of options exercisable and expiring on 07/27/2026. |
| 10/28/2021 | Date of options exercisable and expiring on 10/27/2026. |
| 01/28/2022 | Date of options exercisable and expiring on 01/28/2027. |
| 04/28/2022 | Date of options exercisable and expiring on 04/28/2027. |
| 07/28/2022 | Date of options exercisable and expiring on 07/28/2027. |
| 10/28/2022 | Date of options exercisable and expiring on 10/28/2027. |
| 01/30/2023 | Date of options exercisable and expiring on 01/30/2028. |
| 04/28/2023 | Date of options exercisable and expiring on 04/28/2028. |
| 01/27/2025 | Date Jeffrey Pearl acquired shares that were later conveyed to the company. |
| 04/25/2025 | Date of the reported transactions: stock conveyance and option exercise. |
| 04/28/2025 | Date of report. |
Keywords
Form 4, KonaTel, Director, Jeffrey Pearl, Stock Options, Common Stock, Insider Trading
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