Sec Form 4 Filing - Beaty Robert Matthew @ KonaTel, Inc. - 2023-11-29

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Beaty Robert Matthew
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)
(Last) (First) (Middle)
7960 S. FILLMORE CT.
3. Date of Earliest Transaction (MM/DD/YY)
11/29/2023
(Street)
CENTENNIAL, CO80122
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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 $ 0.1771 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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Beaty Robert Matthew
7960 S. FILLMORE CT.
CENTENNIAL, CO80122
X
Signatures
/s/ Robert Beaty 12/04/2023
Signature of Reporting Person Date
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.

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