Barry Michael Hopkins - Feb 8, 2024 Form 4 Insider Report for Kaival Brands Innovations Group, Inc. (KAVL)

Role: Exec. Chairman, ICEO & Pres., Director
Signature: /s/ Barry Michael Hopkins
Stock symbol: KAVL
Transactions as of: Feb 8, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/12/2024, 05:15 PM
Previous filing: Mar 21, 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 Option	Award	$0	+63.9K		$0.00	63.9K	Feb 8, 2024	Common Stock	63.9K	$5.25	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On February 8, 2024 (the "Grant Date"), the Reporting Person received a 10-year incentive stock option grant from the Issuer. The exercise price of such grant is equal to the fair market value of the Issuer's common stock on November 9, 2023, which is the effective date of the Reporting Person's employment agreement with the Issuer. 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.

Content

On February 8, 2024 (the "Grant Date"), the Reporting Person received a 10-year incentive stock option grant from the Issuer. The exercise price of such grant is equal to the fair market value of the Issuer's common stock on November 9, 2023, which is the effective date of the Reporting Person's employment agreement with the Issuer. 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.