Steve Bond - Jul 27, 2022 Form 3 Insider Report for NeoVolta Inc. (NEOV)

Role
Chief Financial Officer, Director
Signature
/s/ Steve Bond
Stock symbol
NEOV
Transactions as of
Jul 27, 2022
Transactions value $
$0
Form type
3
Date filed
7/27/2022, 09:03 PM
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NEOV Common Stock 500K Jul 27, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding NEOV Restricted Stock Units Jul 27, 2022 Common Stock 300K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units (RSUs) set forth in this table vests as follows: (i) 250,000 of the RSUs shall vest on the occurrence of both of the following events: (A) the Common Stock becoming listed on the Nasdaq Stock Market prior to December 31, 2022; and (B) the earliest of (1) a change in control or (2) the termination of the reporting person's employment by the Company without cause (as defined in the employment agreement between the Company and reporting person), or (3) the death of reporting person, or (4) January 1, 2023, provided the reporting person is serving as an employee of the Company on such date; and
F2 (ii) 50,000 RSUs shall vest on the occurrence of both of the following events: (A) the filing of the Company's Form 10-K for the year ended June 30, 2023 no later than September 29, 2023; and (B) the earliest of (1) a change in control or (2) the termination of the reporting person's employment by the Company without cause (as defined in the employment agreement between the Company and reporting person) or (3) the death of reporting person, or (4) January 1, 2024, provided the reporting person is serving as an employee of the Company on such date.
F3 Each restricted stock unit represents a contingent right to receive one shares of Company common stock.