Kennedy Jack William Jr. 4

What Happened
Kennedy Jack William Jr., EVP, Chief Legal Officer & Secretary of KORE Group Holdings, reported RSU activity on May 22, 2026. The filing shows conversion/vesting of restricted stock units (RSUs) resulting in reported acquisitions of 8,000 shares (derivative conversion) and a reported disposition related to 8,000 derivative shares, plus the surrender of 2,336 shares to cover tax withholding at $9.18 per share (total value surrendered = $21,444). This was not a cash purchase — it was an award vesting with share surrender for taxes (routine, not necessarily a bullish or bearish signal).

Key Details

• Transaction date: 2026-05-22; Form 4 filed: 2026-05-28. (Filing covers the May 22 vesting.)
• Reported transactions:
  • 8,000 shares acquired via derivative conversion (code M) @ $0.00
  • 8,000 shares disposed via derivative (code M) @ $0.00 (reported as derivative disposition)
  • 2,336 shares surrendered (code F) @ $9.18 = $21,444 to satisfy tax withholding
• Shares owned after the transactions: not specified in the provided summary of the filing.
• Footnotes from the filing:
  • F1: Shares received upon RSU vesting.
  • F2: Surrender of common stock to satisfy tax withholding.
  • F3: Each RSU equals one share.
  • F4: Remaining RSUs will vest in full on May 22, 2027, subject to continued service.
• Timeliness: Form 4 was filed on May 28 for May 22 transactions (filed 6 days after the reported transaction date); this appears later than the typical 2-business-day reporting window.

Context
RSU vesting is a common way executives receive equity compensation. In many RSU vesting events, executives surrender a portion of the vested shares to the company to satisfy tax withholding (a non-market sale). The $21,444 reported here represents the withholding by surrendering 2,336 shares at $9.18 each. This filing reflects compensation-related vesting rather than an open-market purchase or voluntary sale for investment purposes.