Kennedy Jack William Jr. 4
4 · KORE Group Holdings, Inc. · Filed Jul 23, 2026
Research Summary
AI-generated summary of this filing
KORE EVP Jack Kennedy Sells 60,946 Shares (Merger Cash-Out)
What Happened Kennedy Jack William Jr., EVP, Chief Legal Officer & Secretary of KORE Group Holdings, surrendered 60,946 shares to the issuer on 2026-07-21 for $9.25 per share, receiving $563,751 in cash. The transaction is reported as a "Disposition to the Issuer" (code D) and reflects the cash-out treatment of his common stock under the merger agreement.
Key Details
- Transaction date: 2026-07-21; filing date: 2026-07-23 (timely Form 4 filing).
- Price: $9.25 per share; Shares disposed: 60,946; Total cash received: $563,751.
- Transaction code: D (Disposition to issuer).
- Footnote: Per the Merger Agreement, each share was converted into the right to receive $9.25 in cash (footnote F1).
- Shares owned after transaction: Not specified in the provided filing.
Context This was not an open-market sale but a merger-related conversion of shares into cash pursuant to the merger agreement (a routine outcome when a company is acquired). Such dispositions in connection with a merger reflect deal terms rather than an insider's active decision to sell on the market and should be interpreted accordingly.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-07-21$9.25/sh−60,946$563,751→ 0 total
Footnotes (1)
- [F1]In connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger (the "Merger Agreement"), dated as of February 26, 2026, by and among the Issuer, KONA Parent, L.P. and KONA Merger Sub Co., each share of the Issuer's common stock held by the Reporting Person were converted into the right to receive an amount in cash equal to $9.25 per share.