BRUUN BRENT C 4

What Happened

• Brent C. Bruun, CEO and director of KVH Industries, was granted 200,000 non-qualified stock options on 2026-03-05. The grant shows a $6.00 price per share (aggregate $1,200,000) and is reported as a derivative acquisition.
• This was an equity grant (award of options), not an open-market purchase or sale of common shares.

Key Details

• Transaction date: 2026-03-05; Filing date: 2026-03-09 (filed within the normal reporting window).
• Instrument: Non-qualified stock option grant (derivative). Strike/price shown: $6.00 per share; aggregate nominal value shown: $1,200,000.
• Vesting: Options vest in four equal annual installments; first vesting date is 2027-03-05, contingent on continued employment (per footnote F1).
• Footnotes: F1 = grant issued under KVH’s Amended & Restated 2016 Equity & Incentive Plan with 4-year vesting. F2 = indicates previously vested stock options beneficially owned.
• Shares owned after transaction: Not specified in the Form 4 filing.

Context

• These options are a grant (future right to buy shares at $6.00) and do not represent immediate ownership of common stock. They will only convert into shares if/when exercised according to the vesting schedule and exercise terms.
• Executive option grants are a common form of compensation and align management with long-term shareholder value; they do not by themselves indicate immediate buying or selling of existing shares.