Kennedy Jack William Jr. 4

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.