Michael Dickerson - Jun 26, 2024 Form 4 Insider Report for Twin Vee PowerCats, Co. (VEEE)

Role
Chief Financial Officer
Signature
/s/ Michael Patrick Dickerson
Stock symbol
VEEE
Transactions as of
Jun 26, 2024
Transactions value $
$0
Form type
4
Date filed
6/28/2024, 04:00 PM
Previous filing
Apr 11, 2024
Next filing
Sep 16, 2024

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 VEEE Stock Option (Right to Buy) Award $0 +100K $0.00 100K Jun 26, 2024 Common Stock 100K $0.57 Direct F1
transaction VEEE Stock Option (Right to Buy) Award $0 +50K $0.00 50K Jun 27, 2024 Common Stock 50K $0.53 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of options to purchase 100,000 shares of common stock that vest pro rata on an annual basis over a four -year period and exercisable for a period of ten years from date of grant, commencing June 26, 2025, subject to Mr. Dickerson's continued employment through such vesting date.
F2 Consists of options to purchase 50,000 shares of common stock that vest pro rata on an annual basis over a four -year period and exercisable for a period of ten years from date of grant, commencing June 27, 2025, subject to Mr. Dickerson's continued employment through such vesting date.