Form 4: KORE Group Holdings Executive Vice President Paul Holtz Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President, CFO, and Treasurer of KORE Group Holdings, Paul Holtz, reports transactions involving common stock and restricted stock units on January 4, 2025.
Summary
- On January 4, 2025, Paul Holtz, Executive Vice President, CFO & Treasurer of KORE Group Holdings, executed transactions involving the company's common stock and restricted stock units (RSUs).
- Holtz acquired 704 shares of common stock upon the vesting of RSUs.
- Simultaneously, Holtz disposed of 429 shares of common stock to satisfy tax withholding obligations at a price of $2.56 per share.
- Following these transactions, Holtz directly owns 18,245 shares of KORE Group Holdings common stock.
- The reported RSUs vested in full on January 4, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock sales.
Key Dates
| Date | Description |
|---|---|
| 01/04/2025 | Date of earliest transaction: Acquisition of stock via RSU vesting and disposition of stock for tax obligations. |
| 01/04/2025 | Restricted Stock Units vested in full. |
| 01/07/2025 | Date of signature on the Form 4 filing. |
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