Stephen A. Sheriff - 22 Aug 2023 Form 4 Insider Report for Kaival Brands Innovations Group, Inc. (KAVL)

Role
COO & IRO
Signature
/s/ Stephen A. Sheriff
Issuer symbol
KAVL
Transactions as of
22 Aug 2023
Net transactions value
$0
Form type
4
Filing time
25 Aug 2023, 16:32:56 UTC
SEC
View on sec.gov

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 Option Award $0 +158,000 $0.000000 158,000 22 Aug 2023 Common Stock 158,000 $0.4400 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 22, 2023, the Reporting Person received a 10-year incentive stock option grant from the Issuer with an exercise price equal to the fair market value on the date of grant. The option shall vest over four years. One-quarter of the option shall vest on the first anniversary of the grant date and afterward shall vest monthly at the rate of 1/36 per month until fully vested.