SEC Form 4
FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
KonaTel, Inc. [ KTEL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/29/2023 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 105,314 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option | $0.1771 | 05/12/2019 | 05/12/2024 | Common Stock | 25,000 | 25,000(1) | D | ||||||||
Option | $0.1672 | 08/12/2019 | 08/12/2024 | Common Stock | 25,000 | 50,000(1) | D | ||||||||
Option | $0.1672 | 11/12/2019 | 11/24/2024 | Common Stock | 25,000 | 75,000(1) | D | ||||||||
Option | $0.165 | 02/12/2020 | 02/12/2025 | Common Stock | 25,000 | 100,000(1) | D | ||||||||
Option | $0.2618 | 05/12/2020 | 05/12/2025 | Common Stock | 25,000 | 125,000(1) | D | ||||||||
Option | $0.1309 | 08/12/2020 | 08/12/2025 | Common Stock | 25,000 | 150,000(1) | D | ||||||||
Option | $0.0627 | 11/12/2020 | 11/12/2025 | Common Stock | 25,000 | 175,000(1) | D | ||||||||
Option | $0.44 | 02/12/2021 | 02/11/2026 | Common Stock | 25,000 | 200,000(1) | D | ||||||||
Option | $0.66 | 05/12/2021 | 05/11/2026 | Common Stock | 25,000 | 225,000(1) | D | ||||||||
Option | $0.935 | 08/12/2021 | 08/11/2026 | Common Stock | 25,000 | 250,000(1) | D | ||||||||
Option | $1.925 | 11/12/2021 | 11/11/2026 | Common Stock | 25,000 | 275,000(1) | D | ||||||||
Option | $1.144 | 02/12/2022 | 02/11/2027 | Common Stock | 25,000 | 300,000(1) | D | ||||||||
Option | $1.012 | 05/12/2022 | 05/12/2027 | Common Stock | 25,000 | 325,000(1) | D | ||||||||
Option | $1.914 | 08/12/2022 | 08/12/2027 | Common Stock | 25,000 | 350,000(1) | D | ||||||||
Option | $1.32 | 11/12/2022 | 11/12/2027 | Common Stock | 25,000 | 375,000(1) | D | ||||||||
Option | $0.814 | 02/13/2023 | 02/13/2028 | Common Stock | 25,000 | 400,000(1) | D | ||||||||
Option | $0.871 | 05/12/2023 | 05/12/2028 | Common Stock | 25,000 | 425,000(1) | D | ||||||||
Option | $0.935 | 11/29/2023 | A | 33,333 | 11/29/2024 | 11/29/2028 | Common Stock | 33,333 | $0.935 | 458,333(1) | D | ||||
Option | $0.935 | 11/29/2023 | A | 33,333 | 11/29/2025 | 11/29/2028 | Common Stock | 33,333 | $0.935 | 491,666(1) | D | ||||
Option | $0.935 | 11/29/2023 | A | 33,334 | 11/29/2026 | 11/29/2028 | Common Stock | 33,334 | $0.935 | 525,000(1) | D | ||||
Option | $0.935 | 11/29/2023 | A | 216,666 | 11/29/2025 | 11/29/2028 | Common Stock | 216,666 | $0.935 | 741,666(1)(2) | D | ||||
Option | $0.935 | 11/29/2023 | A | 216,667 | 11/29/2026 | 11/29/2028 | Common Stock | 216,667 | $0.935 | 958,333(1)(2) | D | ||||
Option | $0.935 | 11/29/2023 | A | 216,667 | 11/29/2027 | 11/29/2028 | Common Stock | 216,667 | $0.935 | 1,175,000(1)(2) | D |
Explanation of Responses: |
1. Options granted to Mr. Beaty under the Company's Incentive Stock Option Plan. |
2. These 650,000 ISO's vest at one-third (1/3rd) per year, conditioned on Apeiron Systems, Inc., a wholly owned subsidiary of the Company ("Apeiron"), having been provided 100,000 simultaneous cellular customers by VIVA-US telecommunications, Inc. ("VIVA") under Apeiron's "Mobile Reseller Agreement" with VIVA dated November 10, 2023, and VIVA being fully paid and current with all outstanding amounts owed to Aperion, within one (1) year of the date of grant and with at least 100,000 of such simultaneous customer cellular contracts then being in full force and effect, or the grant of these ISO's shall expire. |
/s/ Robert Beaty | 12/04/2023 | |
** 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 4 (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. |