Form 4 - Statement of changes in beneficial ownership of securities

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Beaty Robert Matthew

(Last)

(First)

(Middle)

951 CASTLE PINES DR N

(Street)

CASTLE ROCK

80108

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
KonaTel, Inc. [ KTEL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2024

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								139,577	D

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 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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option	$0.1672							11/12/2019	11/12/2024	Common Stock	25,000		25,000⁽¹⁾	D
Option	$0.165							02/12/2020	02/12/2025	Common Stock	25,000		50,000⁽¹⁾	D
Option	$0.2618							05/12/2020	05/12/2025	Common Stock	25,000		75,000⁽¹⁾	D
Option	$0.1309							08/12/2020	08/12/2025	Common Stock	25,000		100,000⁽¹⁾	D
Option	$0.0627							11/12/2020	11/12/2025	Common Stock	25,000		125,000⁽¹⁾	D
Option	$0.44							02/12/2021	02/11/2026	Common Stock	25,000		150,000⁽¹⁾	D
Option	$0.66							05/12/2021	05/11/2026	Common Stock	25,000		175,000⁽¹⁾	D
Option	$0.935							08/12/2021	08/11/2026	Common Stock	25,000		200,000⁽¹⁾	D
Option	$1.925							11/12/2021	11/11/2026	Common Stock	25,000		225,000⁽¹⁾	D
Option	$1.144							02/12/2022	02/11/2027	Common Stock	25,000		250,000⁽¹⁾	D
Option	$1.012							05/12/2022	05/12/2027	Common Stock	25,000		275,000⁽¹⁾	D
Option	$1.914							08/12/2022	08/12/2027	Common Stock	25,000		300,000⁽¹⁾	D
Option	$1.32							11/12/2022	11/12/2027	Common Stock	25,000		325,000⁽¹⁾	D
Option	$0.814							02/13/2023	02/13/2028	Common Stock	25,000		350,000⁽¹⁾	D
Option	$0.871							05/12/2023	05/13/2028	Common Stock	25,000		375,000⁽¹⁾	D
Option	$0.41⁽²⁾							11/29/2024	11/29/2028	Common Stock	33,333		408,333⁽¹⁾	D
Option	$0.41⁽²⁾							11/29/2025	11/29/2028	Common Stock	33,333		441,666⁽¹⁾	D
Option	$0.41⁽²⁾							11/29/2026	11/29/2028	Common Stock	33,334		475,000⁽¹⁾	D
Option	$0.41⁽²⁾							11/29/2025	11/29/2029⁽³⁾	Common Stock	216,666		691,666⁽¹⁾	D
Option	$0.41⁽²⁾							11/29/2026	11/29/2029⁽³⁾	Common Stock	216,667		908,333⁽¹⁾	D
Option	$0.41⁽²⁾							11/29/2027	11/29/2029⁽³⁾	Common Stock	216,667		1,125,000⁽¹⁾	D

Explanation of Responses:

1. Options granted to Mr. Beaty under the Company's Incentive Stock Option Plan.

2. On September 17, 2024, the Company's Board of Directors repriced the 100,000 and 650,000 ISOs, granted on November 29, 2023, at the price of $0.935 per share, to 110% of the closing price at September 16, 2024, which was $0.37 per share, to $0.41 per share, with all other terms of the originally granted ISOs to remain the same.

3. On September 17, 2024, the Board of Directors adopted resolutions to extend the conditional dates of Mr. Beaty's 650,000 ISO's related to the Viva-US Telecommunications, Inc. conditions of required customers by one (1) additional year.

	/s/ Robert Matthew Beaty	09/19/2024
	** 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 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).
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