0001010412-23-000015.txt : 20230615
0001010412-23-000015.hdr.sgml : 20230615
20230615120518
ACCESSION NUMBER: 0001010412-23-000015
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230613
FILED AS OF DATE: 20230615
DATE AS OF CHANGE: 20230615
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McEwen David S
CENTRAL INDEX KEY: 0001563442
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10171
FILM NUMBER: 231016634
MAIL ADDRESS:
STREET 1: 500 N. CENTRAL EXPRESSWAY
STREET 2: SUITE 202
CITY: PLANO
STATE: TX
ZIP: 75074
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: KonaTel, Inc.
CENTRAL INDEX KEY: 0000845819
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899]
IRS NUMBER: 800973608
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 500 N. CENTRAL EXPRESSWAY, SUITE 202
CITY: PLANO
STATE: TX
ZIP: 75074
BUSINESS PHONE: (214) 323-8410
MAIL ADDRESS:
STREET 1: 500 N. CENTRAL EXPRESSWAY, SUITE 202
CITY: PLANO
STATE: TX
ZIP: 75074
FORMER COMPANY:
FORMER CONFORMED NAME: DALA PETROLEUM CORP.
DATE OF NAME CHANGE: 20140902
FORMER COMPANY:
FORMER CONFORMED NAME: WESTCOTT PRODUCTS CORP
DATE OF NAME CHANGE: 19890124
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0407
4
2023-06-13
0
0000845819
KonaTel, Inc.
KTEL
0001563442
McEwen David S
500 N. CENTRAL EXPRESSWAY
SUITE 202
PLANO
TX
75074
1
1
1
0
Chairman and CEO
0
Common Stock
15687500
D
Common Stock
2023-06-13
4
M
0
187500
0.22
A
15875000
D
Option
0.22
2018-06-18
2023-06-18
Common Stock
187500
187500
D
Option
0.22
2018-09-18
2023-09-18
Common Stock
187500
375000
D
Option
0.22
2018-12-18
2023-12-18
Common Stock
187500
562500
D
Option
0.22
2019-03-18
2024-03-18
Common Stock
187500
750000
D
Option
0.22
2019-06-18
2024-06-18
Common Stock
187500
937500
D
Option
0.22
2019-09-18
2024-09-18
Common Stock
187500
1125000
D
Option
0.22
2019-12-18
2024-12-18
Common Stock
187500
1312500
D
Option
0.22
2023-06-13
4
M
0
187500
0.22
D
2018-06-18
2023-06-18
Common Stock
187500
1125000
D
Mr. McEwen received these non-compensatory stock options on December 18, 2017, as part of an exchange of his shares in KonaTel, Inc., a Nevada corporation ("KonaTel Nevada"), for shares of common stock and these non-compensatory stock options under a merger whereby the Company acquired KonaTel Nevada from Mr. McEwen, its sole shareholder. Mr. Mark Savage, as the then sole member of the Board of Directors of the Company, adopted Board resolutions of the company on November 15, 2017, resolving that all securities issued under the KonaTel merger would be exempt from the provisions of Rule 16b-3(d)(1) adopted pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended.
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 June 13, 2023, Mr. McEwen exercised his second tranche of 187,500 stock options for 187,500 shares of Common Stock.
$41,250, paid by a $41,250 portion of $160,000 in deferred compensation owed to Mr. McEwen by the Company for prior services rendered, which $160,000 was approved by unanimous consent of the Company's Board of Directors on January 11, 2022.
/s/ Sean McEwen
2023-06-15