Bellomo John Anthony 4
4 · KORE Group Holdings, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
KORE CFO John Bellomo Receives RSUs, Surrenders 13,718 Shares for Taxes
What Happened
John Anthony Bellomo, Executive Vice President, Chief Financial Officer & Treasurer of KORE Group Holdings (KORE), had 25,000 shares issued upon the vesting/conversion of RSUs on June 2, 2026. To satisfy tax withholding obligations, 13,718 of those shares were surrendered (disposed) at $9.19 per share, totaling $126,068. The filing shows the RSU settlement as exercise/conversion entries consistent with RSU vesting.
Key Details
- Transaction date: June 2, 2026; Form 4 filed June 3, 2026 (timely).
- Shares received: 25,000 shares reported as issued upon RSU vesting (recorded at $0.00 acquisition price per share).
- Shares surrendered for taxes: 13,718 shares disposed at $9.19/share = $126,068 (tax withholding).
- Reporting codes: M (exercise/conversion of derivative/RSU) and F (payment of exercise price or tax liability via share surrender).
- Footnotes: RSUs convert to one share each (F1, F3); surrendered shares satisfy tax withholding (F2); remaining RSUs vest in two equal installments on June 2, 2027 and June 2, 2028 (F4).
- Shares owned after transaction: not specified in the provided excerpt.
Context
This was an RSU vesting and tax-withholding transaction (common, administrative action). The surrender of shares to cover taxes is routine and not an open-market sale—so it shouldn't be read as a market sentiment trade. The filing appears timely (no late filing indicated).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-02+25,000→ 25,000 total - Tax Payment
Common Stock
[F2]2026-06-02$9.19/sh−13,718$126,068→ 11,282 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-06-02−25,000→ 50,000 total→ Common Stock (25,000 underlying)
Footnotes (4)
- [F1]Shares of issuer's common stock received upon vesting of Restricted Stock Units ("RSUs").
- [F2]Surrender of common stock upon vesting of RSUs to satisfy tax withholding obligations.
- [F3]Each RSU represents a right to receive one share of the issuer's common stock.
- [F4]The remaining reported RSUs will vest in two equal installments on each of June 2, 2027 and June 2, 2028, assuming the continuous employment or service of the reporting person with the issuer.