Karl J. Zimmer - 12 Jul 2024 Form 4 Insider Report for Twin Vee PowerCats, Co. (VEEE)

Role
President
Signature
/s/ Karl J. Zimmer
Issuer symbol
VEEE
Transactions as of
12 Jul 2024
Net transactions value
$0
Form type
4
Filing time
15 Jul 2024, 16:07:37 UTC
Next filing
13 Sep 2024
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 VEEE Stock Option (Right to Buy) Award $0 +500,000 $0.000000 500,000 12 Jul 2024 Common Stock 500,000 $0.5811 Direct F1
* 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 500,000 shares of common stock that vest pro rata on an annual basis over a five year period and exercisable for a period of ten years from date of grant, vesting commencing July 12, 2025, subject to Mr. Zimmer's continued employment through such vesting date.