Form 4: KonaTel Director Robert Beaty Reports Stock Transactions and Option Exercises

Sentiment:

SEC Form 4 Filing 13 November 2024 2:17 PM

Director Robert Beaty of KonaTel, Inc. reports the acquisition and disposal of common stock and the exercise of stock options.

Summary

Robert Beaty, a director at KonaTel, Inc., reported several transactions involving the company's stock.
On November 11, 2024, Mr. Beaty disposed of 10,587 shares of common stock at a price of $0.1672 per share.
He also acquired 25,000 shares of common stock at the same price on the same day.
These transactions resulted in Mr. Beaty holding 153,990 shares of common stock directly.
Additionally, Mr. Beaty exercised options for 25,000 shares of common stock at $0.1672 per share, which were granted on August 12, 2019.
The exercised options were paid for by conveying 10,587 shares of common stock acquired on February 9, 2023.
Mr. Beaty also holds a significant number of stock options with various exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider trading activity, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This is a standard SEC Form 4 filing, which is required when company insiders trade their company's stock. It provides transparency into the transactions of company directors and officers.

Comparison to Industry Standards

Form 4 filings are a common occurrence for publicly traded companies, and the transactions reported here are typical for a director exercising stock options and managing their holdings.
The prices and quantities of shares traded are specific to KonaTel and its stock performance, and would need to be compared to other similar companies in the telecommunications sector to assess if they are unusual.

Stakeholder Impact

The transactions reported in this document provide transparency to shareholders regarding the trading activity of a company director.
The exercise of options and sale of shares by a director can be seen as a normal part of compensation and portfolio management.

Key Dates

Date	Description
11/12/2019	Grant date of some of the options exercised.
02/12/2020	Grant date of some of the options held.
05/12/2020	Grant date of some of the options held.
08/12/2020	Grant date of some of the options held.
11/12/2020	Grant date of some of the options held.
02/12/2021	Grant date of some of the options held.
05/12/2021	Grant date of some of the options held.
08/12/2021	Grant date of some of the options held.
11/12/2021	Grant date of some of the options held.
02/12/2022	Grant date of some of the options held.
05/12/2022	Grant date of some of the options held.
08/12/2022	Grant date of some of the options held.
11/12/2022	Grant date of some of the options held.
02/13/2023	Grant date of some of the options held.
05/12/2023	Grant date of some of the options held.
02/09/2023	Date of acquisition of shares used to pay for option exercise.
11/11/2024	Date of stock disposal and acquisition, and option exercise.
11/13/2024	Date of the report.

Keywords

KonaTel, stock options, common stock, insider trading, Form 4, Robert Beaty, director, equity securities

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