KORE.NYSEKore Group Holdings, INC

Form 4: KORE Group Holdings Executive Vice President, CFO & Treasurer Paul Holtz Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Paul Holtz, Executive Vice President, CFO & Treasurer of KORE Group Holdings, reports the vesting and subsequent disposal of common stock to cover tax obligations related to Restricted Stock Units.

Summary

  • On March 22, 2024, Paul Holtz, the Executive Vice President, CFO & Treasurer of KORE Group Holdings, engaged in transactions involving the company's common stock.
  • Holtz acquired 8,216 shares of common stock upon the vesting of Restricted Stock Units (RSUs).
  • Simultaneously, Holtz disposed of 4,398 shares of common stock at a price of $0.8234 to satisfy tax withholding obligations related to the vesting of the RSUs.
  • After these transactions, Holtz directly owns 61,424 shares of KORE Group Holdings common stock.
  • Holtz also retains ownership of 8,215 Restricted Stock Units, which will vest on March 22, 2025.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity related to RSU vesting and tax obligations.

Future Outlook

The remaining RSUs held by Paul Holtz will vest on March 22, 2025.

Industry Context

This is a routine disclosure of insider transactions, specifically the vesting of RSUs and the subsequent sale of shares to cover tax obligations, which is a common practice among executives.

Key Dates

DateDescription
03/22/2024Date of stock transactions (RSU vesting and stock disposal for tax obligations).
03/22/2025Date when the remaining RSUs will vest.
03/26/2024Date of signature on the Form 4 filing.

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