KonaTel (KTEL) Director Robert Beaty Options Expire (Disposed)

What Happened
Robert Matthew Beaty, a director of KonaTel, reported derivative "dispositions" tied to stock options that were not exercised and thus ceased to be beneficially owned. On November 29, 2025, three option tranches totaling 650,000 underlying shares were reported disposed at an exercise/reference price of $0.41 (each tranche reported value $88,833; total $266,499). A further 25,000 option-derived shares were reported disposed on August 11, 2026 at $0.94 (reported value $23,375). These entries reflect expired or otherwise terminated options (derivative interests), not open-market sales of the underlying common stock.

Key Details

• Transaction dates and prices:
  • 2025-11-29: 216,666 @ $0.41 (Disposed) — $88,833
  • 2025-11-29: 216,667 @ $0.41 (Disposed) — $88,833
  • 2025-11-29: 216,667 @ $0.41 (Disposed) — $88,833
  • 2026-08-11: 25,000 @ $0.94 (Disposed) — $23,375
• Total reported derivative dispositions: 675,000 shares; aggregate reported value $289,874.
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes: Options were granted under the company’s Incentive Stock Option Plan; some options expired unexercised. The large Nov 29, 2023 grant (per a Mobile Reseller Agreement with VIVA‑US) had its term extended and exercise prices reduced but the grant terms were not timely satisfied, and those options expired Nov 29, 2025.
• Filing timeliness: The Form 4 was filed on 2026-08-17 for a period of report 2025-11-29 (reported as late).

Context
These are derivative expirations/cancellations (transaction code J) — not market sales or purchases — so they did not produce sale proceeds and do not directly signal a liquidity-driven stock sale. For retail investors, note that purchases/exercises are usually more informative about insider bullishness; expirations simply reflect unexercised option rights or unmet vesting/contract conditions. The late filing reduces the immediacy of disclosure.