Brent Willson - Jan 1, 2023 Form 4 Insider Report for NeoVolta Inc. (NEOV)

Role: Chief Executive Officer, Director
Signature: /s/ Brent Willson
Stock symbol: NEOV
Transactions as of: Jan 1, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/4/2023, 07:09 PM
Previous filing: Jul 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEOV	Common Stock	Options Exercise		+50K			50K	Jan 1, 2023	Direct	F1, F3

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
transaction	NEOV	Restricted Stock Units	Options Exercise		-50K	-33.33%		100K	Jan 1, 2023	Common Stock	50K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Issued upon conversion of restricted stock units that convert into common stock on a one-for-one basis.
F2	The reporting person was granted 300,000 restricted stock units (RSUs), vesting as follows: (i) 50,000 of the RSUs vested on January 1, 2023; and (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.
F3	Does not include 4,000,000 shares held by Canmore International, Inc., an entity affiliated with the reporting person.