0001010412-23-000030.txt : 20231213 0001010412-23-000030.hdr.sgml : 20231213 20231213140757 ACCESSION NUMBER: 0001010412-23-000030 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231213 FILED AS OF DATE: 20231213 DATE AS OF CHANGE: 20231213 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: 231483655 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 X0508 4 2023-12-13 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 16062500 D Common Stock 2023-12-13 4 M 0 187500 0.22 A 16250000 D Option 0.22 2018-12-18 2023-12-18 Common Stock 187500 187500 D Option 0.22 2019-03-18 2024-03-18 Common Stock 187500 375000 D Option 0.22 2019-06-18 2024-06-18 Common Stock 187500 562500 D Option 0.22 2019-09-18 2024-09-18 Common Stock 187500 750000 D Option 0.22 2019-12-18 2024-12-18 Common Stock 187500 937500 D Option 0.22 2023-12-13 4 M 0 187500 0.22 A 2018-12-18 2023-12-18 Common Stock 187500 750000 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 December 13, 2023, Mr. McEwen exercised his fourth tranche of 187,500 stock options for 187,500 shares of Common Stock. $41,250 exercise price, has been paid to the Company, effective December 13, 2023, by credit against deferred compensation owed to Mr. McEwen by the Company for prior services rendered, which was approved by unanimous consent of the Company's Board of Directors on January 11, 2022. /s/ Sean McEwen 2023-12-13