Beaty Robert Matthew 4
Research Summary
AI-generated summary
KonaTel (KTEL) Director Robert Beaty Lets 25,000 Options Expire
What Happened
- Robert Matthew Beaty, a director of KonaTel, reported a derivative disposition on 2026-02-11: 25,000 option shares at $0.44 per share, reported value $11,000. The filing indicates these were options granted under the company’s Incentive Stock Option Plan and they expired unexercised.
Key Details
- Transaction date: 2026-02-11; Report filed: 2026-02-12 (timely).
- Reported amount: 25,000 derivative shares at $0.44 each; total reported value $11,000.
- Nature of transaction: Code J — “Other acquisition or disposition”; footnotes state these options expired unexercised.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: F1 — options were granted under company plan; F2 — options expired unexercised.
Context
- This was a lapse of stock options (they expired unexercised), not an open-market sale or purchase of company stock. No shares were issued and no cash proceeds were received from the company as a result of these expiring options. For retail investors, expirations are generally routine and do not signal an insider purchase or sale of existing shares.