Form 4: Koch Industries Reports Change in Beneficial Ownership of KORE Group Holdings

Koch Industries no longer has beneficial ownership of KORE Group Holdings shares due to an internal reorganization effective August 1, 2024.

Summary

• Koch Industries, LLC (KII) has reported a change in its beneficial ownership of KORE Group Holdings, Inc. shares.
• Effective August 1, 2024, KII ceased to own equity interests in Wood River Capital, LLC due to an internal reorganization.
• As a result, KII no longer has beneficial ownership of any shares of KORE Group Holdings, Inc. held by Wood River.
• Koch, Inc. became the indirect ultimate parent company of both Wood River and KII.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing indicating a change in beneficial ownership due to internal restructuring, with no inherent positive or negative implications for KORE Group Holdings.

Industry Context

This filing reflects internal restructuring within Koch Industries and its impact on ownership of KORE Group Holdings shares. Such reorganizations are common and can be driven by various strategic and operational considerations.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholders of KORE Group Holdings, Inc., primarily through potential shifts in voting power or strategic direction, although the internal reorganization suggests minimal immediate impact.
• Employees, customers, suppliers, and creditors of KORE Group Holdings are unlikely to be directly affected by this change in beneficial ownership.

Key Dates