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

Role
Director
Signature
/s/ Brent Willson
Stock symbol
NEOV
Transactions as of
Jul 27, 2022
Transactions value $
$0
Form type
3
Date filed
7/27/2022, 09:08 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 4M Jul 27, 2022 See F1

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 150K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held by Canmore International, Inc., an entity affiliated with the reporting person.
F2 The restricted stock units (RSUs) set forth in this table vests as follows: (i) 50,000 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
F3 (ii) 100,000 RSUs shall vest shall vest on the occurrence of both of the following events: (A) the Company producing at least 2,000 energy storage systems during 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 dated on or about the date hereof) 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.
F4 Each restricted stock unit represents a contingent right to receive one shares of Company common stock.