Pike Anthony 4

What Happened
Anthony Pike, Chief Financial Officer of KVH Industries (KVHI), was granted 50,000 non‑qualified stock options on 2026-03-05. The filing lists the options at a $6.00 exercise price, reported as an acquisition with a notional value of $300,000. This was a derivative award (options), not a purchase of common shares or an immediate sale.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed timely).
• Instrument: Non‑qualified stock options (derivative); 50,000 options at $6.00 strike. Reported acquisition value: $300,000.
• Vesting: Options vest in four equal annual installments; first vesting on 2027-03-05, subject to continued employment (per footnote F1).
• Post-transaction holdings: The filing does not specify total shares/derivatives owned after this grant; footnote F2 references vested options beneficially owned.
• Transaction code: J (other acquisition/disposition) — here used for the option grant (derivative).

Context
This was an award of stock options intended as compensation/retention (vesting over four years), not an exercise or sale. Options give the right to buy shares in the future if exercised; they do not represent immediate common‑share ownership or a cash transaction unless exercised later.