FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIESFiled pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 08/15/2024 |
3. Issuer Name and Ticker or Trading Symbol
KORE Group Holdings, Inc. [ KORE ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Common Stock | 432,644 | D |
1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units(1) | (1)(2) | (1) | Common Stock | 7,413 | (2) | D | |
Restricted Stock Units(1) | (1)(3) | (1) | Common Stock | 4,084 | (3) | D | |
Restricted Stock Units(1) | (1)(4) | (1) | Common Stock | 907 | (4) | D |
Explanation of Responses: |
1. Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's common stock. |
2. The reported RSUs will vest in two equal installments on each of February 9, 2025 and February 9, 2026, subject to the reporting person's continuous employment or service to the issuer through the applicable vesting date. |
3. The reported RSUs will vest as follows: one-third of the RSUs shall vest on February 17, 2024, and two-thirds of the RSUs shall vest on February 17, 2025, subject to the reporting person's continuous employment or service to the issuer through the applicable vesting date. |
4. The reported RSUs will vest will vest in full on February 17, 2025, subject to the reporting person's continuous employment or service to the issuer through the applicable vesting date. |
Remarks: |
Jack W. Kennedy Jr., Attorney-in-Fact for Jared Deith | 08/19/2024 | |
** Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.