McEwen David S bought KTEL
March 15, 2024 · Form 4 insider transaction
McEwen David S bought 187,500 shares of KonaTel, Inc. at $0.22 per share, a transaction worth $41.3K. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 5 days after the transaction.
Footnotes
Effective December 18, 2017, the Company completed an Agreement and Plan of Merger whereby a newly formed wholly owned subsidiary merged with and into KonaTel Nevada, and under which KonaTel Nevada was the surviving corporation and became a wholly owned subsidiary of the Company. Mr. McEwen was the sole shareholder of KonaTel Nevada and received merger consideration of 13,500,000 shares of the Company's Common Stock and 1,500,000 non-compensatory stock options to acquire shares of the Company's Common Stock under the merger. On March 15, 2024, Mr. McEwen exercised his fifth tranche of 187,500 stock options for 187,500 shares of Common Stock.; $41,250 exercise price, has been paid to the Company, effective March 15, 2024.