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

Role
President
Signature
/s/ Karl J. Zimmer
Stock symbol
VEEE
Transactions as of
Jul 12, 2024
Transactions value $
$0
Form type
4
Date filed
7/15/2024, 04:07 PM
Next filing
Sep 13, 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 +500K $0.00 500K Jul 12, 2024 Common Stock 500K $0.58 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.