Paul John Reuter - Jun 24, 2022 Form 4 Insider Report for Kaival Brands Innovations Group, Inc. (KAVL)

Role
Director
Signature
/s/ Eric Mosser, as attorney-in-fact
Stock symbol
KAVL
Transactions as of
Jun 24, 2022
Transactions value $
$0
Form type
4
Date filed
6/27/2022, 04:44 PM
Previous filing
Feb 25, 2022
Next filing
Feb 8, 2023

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 Stock Options Disposed to Issuer $0 -16.7K -100% $0.00* 0 Jun 24, 2022 Common Stock 16.7K $10.56 Direct F1
transaction KAVL Stock Options Disposed to Issuer $0 -8.33K -33.34% $0.00 16.7K Jun 24, 2022 Common Stock 8.33K $25.98 Direct F1
transaction KAVL Stock Options Award $0 +125K $0.00 125K Jun 24, 2022 Common Stock 125K $1.72 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Company discovered that it inadvertently granted stock options to the reporting person in excess of the annual award limits for non-employee directors set forth in the Company's 2020 Stock and Incentive Compensation Plan. Accordingly, the Company and the reporting person agreed to cancel stock options that were granted in excess of such annual award limit.
F2 The shares underlying the stock option vested completely on the grant date.