KonaTel Inc.

05/16/2025 | Press release | Distributed by Public on 05/16/2025 08:11

Statement of Changes in Beneficial Ownership (Form 4)

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden hours per response... 0.5
(Print or Type Responses)
1. Name and Address of Reporting Person *
PEARL JEFFREY
2. Issuer Name and Ticker or Trading Symbol
KonaTel, Inc. [KTEL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Former Director
(Last) (First) (Middle)
35 WEST MAIN #6013
3. Date of Earliest Transaction (Month/Day/Year)
04/16/2025
(Street)
FRISCO, CO 80443
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 126,426 D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Underlying Securities
(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 of Derivative Security: 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 $0.1672 07/28/2020 07/28/2025 Common Stock 25,000(1) 25,000 D
Option $0.1001 10/28/2020 10/28/2025 Common Stock 25,000(1) 50,000 D
Option $0.4895 01/28/2021 01/28/2026 Common Stock 25,000(1) 75,000 D
Option $0.597 04/28/2021 04/15/2026 Common Stock 25,000(2) 100,000 D
Option $0.813 07/28/2021 04/15/2026 Common Stock 25,000(2) 125,000 D
Option $1.595 10/28/2021 04/15/2026 Common Stock 25,000(2) 150,000 D
Option $1.342 01/28/2022 04/15/2026 Common Stock 25,000(2) 175,000 D
Option $1.10 04/28/2022 04/15/2026 Common Stock 25,000(2) 200,000 D
Option $1.74 07/28/2022 04/15/2026 Common Stock 25,000(2) 225,000 D
Option $1.386 10/28/2022 04/15/2026 Common Stock 25,000(2) 250,000 D
Option $0.88 01/30/2023 04/15/2026 Common Stock 25,000(2) 275,000 D
Option $0.781 04/28/2023 04/15/2026 Common Stock 25,000(2) 300,000 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PEARL JEFFREY
35 WEST MAIN #6013
FRISCO, CO 80443
Former Director

Signatures

/s/ Jeffrey Pearl 05/15/2025
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Mr. Pearl has the following incentive stock options (the "ISOs") that will expire in accordance with his Incentive Stock Option Agreement dated March 24, 2021: 25,000 ISOs that will expire at midnight July 27, 2025, at a strike price of $0.1672; 25,000 ISOs that will expire at midnight October 27, 2025, at a strike price of $0.1001; and 25,000 ISOs that will expire at midnight January 27, 2026, at a strike price of $0.4895. All of these options are within the one year period from his resignation date of April 16, 2025.
(2) These options expire at midnight on April 15, 2026, one year from Mr. Pearl's resignation.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
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