KORE Director Timothy M. Donahue Receives 58,139 Shares via RSU Vesting

What Happened
Timothy M. Donahue, a director of KORE Group Holdings, had 58,139 restricted stock units (RSUs) vest on June 10, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) that resulted in 58,139 shares being issued to him at a $0.00 exercise price — total reported cash consideration $0. This was an award/vesting event (conversion of RSUs to common stock), not an open‑market purchase or sale.

Key Details

• Transaction date: June 10, 2026.
• Reported entries: 58,139 shares acquired via exercise/conversion (M) at $0.00; 58,139 shares reported as disposed (derivative conversion) at $0.00.
• Price / value: $0.00 per share as reported; no cash exchanged in the conversion.
• Shares owned after transaction: Not specified in the information provided in this summary (see the full Form 4 for post-transaction holdings).
• Footnotes: F1–F3 state these were RSUs, each RSU equals one share, and the reported RSUs vested in full on June 10, 2026.
• Filing date vs. transaction date: Form filed on July 17, 2026 for a June 10, 2026 transaction (about 37 days later); this appears later than the typical 2-business-day reporting window—check the original filing for any late-report indicator.

Context
This was a routine equity award conversion (RSU vesting) rather than a purchase or sale. RSU vesting results in issuance of shares to the insider and does not necessarily signal a change in the insider’s view of the company. For derivative-code M filings, the key point for investors is that a right to receive shares converted into actual shares; no immediate market sale or cash proceeds are reported here.