Deith Jared 4
Research Summary
AI-generated summary
KORE EVP Deith Jared Receives 3,706 Shares via RSU Vesting
What Happened
Deith Jared, Executive Vice President & Chief Revenue Officer of KORE Group Holdings, had 3,706 restricted stock units (RSUs) vest on February 9, 2026. The Form 4 reports an exercise/conversion (transaction code M) showing 3,706 shares acquired at $0.00 and a corresponding disposition of 3,706 shares at $0.00. The reported value of these entries is $0, consistent with RSU settlement rather than an open-market purchase or cash sale.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (filed promptly).
- Reported activity: 3,706 RSUs vested and converted to 3,706 common shares (Acquired 3,706 @ $0.00; Disposed 3,706 @ $0.00).
- Footnotes: F1–F3 confirm these were RSUs, each convertible to one share, and they vested in full on Feb 9, 2026.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Filing timeliness: appears timely (filed within two business days).
Context
RSUs are compensation that convert into shares upon vesting. When a Form 4 shows both acquisition and immediate disposition of the same shares at $0, it commonly reflects net settlement or shares withheld to cover taxes rather than an open-market sale — a routine, non-informational event for many executives. This transaction is compensation-related and does not, by itself, signal a buy or sell opinion by the insider.