08/24/2026 | Press release | Distributed by Public on 08/24/2026 18:47
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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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 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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Deckoff Stephen H 5330 YACHT HAVEN GRANDE SUITE 100, BOX 35 ST. THOMAS, VI 00802 |
X | X | ||
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Black Diamond Capital Management I, LLLP 5330 YACHT HAVEN GRANDE SUITE 100, BOX 35 ST. THOMAS, VI 00802 |
X | |||
| /s/ Stephen H. Deckoff | 08/24/2026 | |
| **Signature of Reporting Person | Date | |
| Black Diamond Capital Management I, LLLP, By: /s/ Stephen H. Deckoff, Managing Principal | 08/24/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Restricted stock grant for continuation on KVH's board of directors issued pursuant to the terms & conditions of KVH Industries' 2016 Amended and Restated Equity & Incentive Plan. Restricted stock will vest in four installments on each of 11/20/2026, 2/20/2027, 5/20/2027, and 8/20/2027, provided Mr. Deckoff is still a board member of KVH Industries, Inc. on each vesting date. |
| (2) | These shares of restricted stock are held of record by Mr. Deckoff for the benefit of Black Diamond and/or the Black Diamond vehicles (each as defined herein) and will be transferred to Black Diamond or the Black Diamond vehicles upon vesting and settlement. |
| (3) | These shares of Common Stock ("Shares") are held directly by certain investment vehicles (the "Black Diamond vehicles") managed by Black Diamond Capital Management I, LLLP ("Black Diamond"). Mr. Deckoff is the Managing Principal of Black Diamond. |
| (4) | Each of the Reporting Persons disclaims beneficial ownership over the Shares, except to the extent of its or his pecuniary interest therein, and this statement shall not be construed as an admission that such Reporting Person is the beneficial owner of any Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. |
| (5) | Reported amounts have been adjusted to reflect the transfer, since the most recent Form 4 filed on December 9, 2025, of 10,228 Shares from Mr. Deckoff to Black Diamond upon the vesting and settlement of restricted stock previously granted to Mr. Deckoff, which transfer was exempt from Section 16 of the Exchange Act by virtue of Rule 16a-13 thereunder. |