Kaival Holdings, LLC 4
4 · Kaival Brands Innovations Group, Inc. · Filed Aug 25, 2020
Insider Transaction Report
Form 4
Kaival Brands Innovations Group, LLC
10% Owner
Transactions
- Other
Common Stock
2020-08-21−300,000,000→ 204,000,000 total(indirect: By LLC) - Other
Series A Preferred Stock
2020-08-21+3,000,000→ 3,000,000 total(indirect: By LLC)Exercise: $0.00From: 2023-11-01→ Common Stock (300,000,000 underlying)
Footnotes (2)
- [F1]The Issuer and the Reporting Person entered into an agreement whereby the Reporting Person returned 300,000,000 shares of common stock for cancellation and retirement and, in exchange, the Issuer issued to the Reporting Person 3,000,000 shares of Series A Preferred Stock. No consideration was paid in connection with the exchange. Each share of the Series A Preferred Stock is convertible into one hundred shares of common stock. Generally, the Series A Preferred Stock is not convertible until November 1, 2023, unless a triggering event occurs.
- [F2]The Series A Preferred Stock has no expiration date.