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

Role
Chief Financial Officer, Director
Signature
/s/ Steve Bond
Stock symbol
NEOV
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 07:13 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 +250K +50% 750K Jan 1, 2023 Direct 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
transaction NEOV Restricted Stock Units Options Exercise -250K -83.33% 50K Jan 1, 2023 Common Stock 250K 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) 250,000 of the RSUs vested on January 1, 2023; and (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.