Marcia Kull - 26 Nov 2024 Form 4 Insider Report for Forza X1, Inc.

Role
Director
Signature
/s/ Marcia Kull
Issuer symbol
N/A
Transactions as of
26 Nov 2024
Net transactions value
$0
Form type
4
Filing time
26 Nov 2024, 17:00:37 UTC
Previous filing
15 Dec 2022
Next filing
21 May 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRZA Common Stock Disposed to Issuer -4,605 -100% 0 26 Nov 2024 Direct F1

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 FRZA Stock Option (Right to Buy) Disposed to Issuer -5,500 -100% 0 26 Nov 2024 Common Stock 5,500 $5.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the merger (the "Merger") of Twin Vee Merger Sub, Inc. a Delaware corporation and wholly owned subsidiary of Twin Vee PowerCats Co., a Delaware corporation ("Twin Vee"), into Forza X1, Inc. ("Forza"), in exchange for 2,816 shares of Twin Vee common stock. Each share of Forza common stock was exchanged for 0.611666275 shares of Twin Vee common stock on the effective date of the Merger.
F2 Consists of options to purchase shares of common stock that are fully vested and exercisable for a period of ten years from the date of grant, commencing on September 1, 2022.
F3 This option was assumed by Twin Vee in the Merger and replaced with an option to purchase 3,364 shares of Twin Vee common stock for $8.17 per share.