4/A//SEC Filing
McEwen David S 4/A
Accession 0001010412-23-000024
CIK 0000845819other
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 11:27 AM ET
Size
16.9 KB
Accession
0001010412-23-000024
Insider Transaction Report
Form 4/AAmended
KonaTel, Inc.KTEL
McEwen David S
DirectorChairman and CEO10% Owner
Transactions
- Exercise/Conversion
Common Stock
2023-09-13$0.22/sh+187,500$41,250→ 16,062,500 total - Exercise/Conversion
Option
2023-09-13$0.22/sh−187,500$41,250→ 937,500 totalExercise: $0.22From: 2018-09-18Exp: 2023-09-18→ Common Stock (187,500 underlying)
Holdings
- 375,000
Option
Exercise: $0.22From: 2018-12-18Exp: 2023-12-18→ Common Stock (187,500 underlying) - 15,875,000
Common Stock
- 562,500
Option
Exercise: $0.22From: 2019-03-18Exp: 2024-03-18→ Common Stock (187,500 underlying) - 750,000
Option
Exercise: $0.22From: 2019-06-18Exp: 2024-06-18→ Common Stock (187,500 underlying) - 937,500
Option
Exercise: $0.22From: 2019-09-18Exp: 2024-09-18→ Common Stock (187,500 underlying) - 187,500
Option
Exercise: $0.22From: 2018-09-18Exp: 2023-09-18→ Common Stock (187,500 underlying) - 1,125,000
Option
Exercise: $0.22From: 2019-12-18Exp: 2024-12-18→ Common Stock (187,500 underlying)
Footnotes (3)
- [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. Mr. Mark Savage, as the then sole member of the Board of Directors of the Company, adopted Board resolutions of the Company on November 15, 2017, resolving that all securities issued under the KonaTel merger would be exempt from the provisions of Rule 16b-3(d)(1) adopted pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended.
- [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 stock options to acquire shares of the Company's Common Stock under the merger. On September 13, 2023, Mr. McEwen exercised his third tranche of 187,500 stock options for 187,500 shares of Common Stock.
- [F3]$41,250, paid by a $41,250 portion of $118,750 in deferred compensation owed to Mr. McEwen by the Company for prior services rendered, which is part of $160,000 accrued compensation that was approved by unanimous consent of the Company's Board of Directors on January 11, 2022.
Documents
Issuer
KonaTel, Inc.
CIK 0000845819
Entity typeother
Related Parties
1- filerCIK 0001563442
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 11:27 AM ET
- Size
- 16.9 KB