McEwen David S 4

4 · KonaTel, Inc. · Filed Mar 21, 2023

Form 4

Period: 2023-03-16

DirectorChairman and CEO10% Owner

Transactions

Exercise/Conversion
Common Stock
2023-03-16$0.22/sh+187,500$41,250→ 15,687,500 total
Exercise/Conversion
Option
2023-03-16$0.22/sh−187,500$41,250→ 1,312,500 total
Exercise: $0.22From: 2018-03-18Exp: 2023-03-18→ Common Stock (187,500 underlying)

Holdings

Option
Exercise: $0.22From: 2019-03-18Exp: 2024-03-18→ Common Stock (187,500 underlying)
937,500
Option
Exercise: $0.22From: 2019-06-18Exp: 2024-06-18→ Common Stock (187,500 underlying)
1,125,000
Option
Exercise: $0.22From: 2019-12-18Exp: 2024-12-18→ Common Stock (187,500 underlying)
1,500,000
Option
Exercise: $0.22From: 2018-06-18Exp: 2023-06-18→ Common Stock (187,500 underlying)
375,000
Option
Exercise: $0.22From: 2018-12-18Exp: 2023-12-18→ Common Stock (187,500 underlying)
750,000
Option
Exercise: $0.22From: 2019-09-18Exp: 2024-09-18→ Common Stock (187,500 underlying)
1,312,500
Common Stock
15,500,000
Option
Exercise: $0.22From: 2018-03-18Exp: 2023-03-18→ Common Stock (187,500 underlying)
187,500
Option
Exercise: $0.22From: 2018-09-18Exp: 2023-09-18→ Common Stock (187,500 underlying)
562,500

Footnotes (2)

[F1]Mr. McEwen received these non-compensatory stock options on December 18, 2017, as part of an exchange of his shares in KonaTel, Inc., a Nevada corporation ("KonaTel Nevada"), for shares of common stock and these non-compensatory stock options under a merger whereby the Company acquired KonaTel Nevada from Mr. McEwen, its sole shareholder.
[F2]Effective December 18, 2017, the Company completed an Agreement and Plan of Merger whereby a newly formed wholly-owned subsidiary merged with and into KonaTel Nevada, and under which KonaTel Nevada was the surviving corporation and became a wholly-owned subsidiary of the Company. Mr. McEwen was the sole shareholder of KonaTel Nevada and received merger consideration of 13,500,000 shares of the Company's Common Stock and 1,500,000 non-compensatory options to acquire shares of the Company's Common Stock under the merger. On March 16, 2023, Mr. McEwen exercised his first tranche of 187,500 stock options for 187,500 shares of Common Stock, which were issued on March 20, 2023.

Documents

1 file