EBERHART PAULETT 4
Research Summary
AI-generated summary
KORE Director Paulett Receives 58,139 Shares via RSU Vesting
What Happened
Eberhart Paulett, a director of KORE Group Holdings, had 58,139 restricted stock units (RSUs) vest and convert into 58,139 shares of KORE common stock on June 10, 2026. The shares were issued upon vesting at an acquisition price of $0.00 per share (i.e., an award rather than a purchase or open-market trade). The Form 4 reports the derivative interest converted and the resulting shares acquired.
Key Details
- Transaction date: June 10, 2026. Report filed: June 15, 2026 (appears to be a late filing relative to the typical 2-business-day Form 4 deadline).
- Transaction codes: M (exercise/conversion of derivative) reflecting conversion of RSUs to common stock.
- Shares issued/received: 58,139 common shares. Reported acquisition price: $0.00 per share.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1–F3 state these were RSUs that vested in full on June 10, 2026, and each RSU converts to one share of common stock.
Context
RSU vesting is an equity award (not a market purchase or sale) and typically reflects compensation or previously granted awards vesting according to schedule. The "disposed" derivative entry in the filing reflects cancellation/conversion of the RSU/derivative interest when shares were issued—not an open-market sale. Awards like this do not, by themselves, indicate the insider’s market view.