Nirajkumar Patel - May 5, 2021 Form 4 Insider Report for Kaival Brands Innovations Group, Inc. (KAVL)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Eric Mosser, as attorney-in-fact
Stock symbol
KAVL
Transactions as of
May 5, 2021
Transactions value $
-$99,469
Form type
4
Date filed
2/25/2022, 04:15 PM
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAVL Common Stock Options Exercise $0 +16.7K +20.79% $0.00 96.8K May 5, 2021 Direct F1
transaction KAVL Common Stock Tax liability -$58.9K -4.06K -4.19% $14.52* 92.8K May 5, 2021 Direct
transaction KAVL Common Stock Options Exercise $0 +16.7K +17.96% $0.00 109K Aug 5, 2021 Direct
transaction KAVL Common Stock Tax liability -$25.4K -4.06K -3.71% $6.26* 105K Aug 5, 2021 Direct
transaction KAVL Common Stock Options Exercise $0 +20.8K +19.77% $0.00 126K Nov 5, 2021 Direct
transaction KAVL Common Stock Tax liability -$9.13K -5.07K -4.02% $1.80 121K Nov 5, 2021 Direct
transaction KAVL Common Stock Options Exercise $0 +20.8K +17.2% $0.00 142K Feb 5, 2022 Direct
transaction KAVL Common Stock Tax liability -$5.99K -6.18K -4.35% $0.97 136K Feb 5, 2022 Direct
holding KAVL Common Stock 17M May 5, 2021 By Kaival Holdings, LLC

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 KAVL Restricted Stock Units Options Exercise $0 -16.7K -8.51% $0.00 179K May 5, 2021 Common Stock 16.7K Direct F2, F3
transaction KAVL Restricted Stock Units Options Exercise $0 -16.7K -9.3% $0.00 162K Aug 5, 2021 Common Stock 16.7K Direct F2, F3
transaction KAVL Restricted Stock Units Options Exercise $0 -20.8K -12.82% $0.00 142K Nov 5, 2021 Common Stock 20.8K Direct F2, F3
transaction KAVL Restricted Stock Units Options Exercise $0 -20.8K -14.71% $0.00 121K Feb 5, 2022 Common Stock 20.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person inadvertently reported receiving 12,500 shares of KAVL common stock on February 5, 2021 from the vesting of an RSU, instead of 16,667 shares of KAVL common stock. The starting balance reflects this correction.
F2 Each restricted stock unit represents a contingent right to receive one share of KAVL's common stock.
F3 On May 28, 2020, the reporting person was granted 250,000 restricted stock units. The restricted stock units vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months.