Nealis Jing 4

What Happened

• Nealis Jing, Chief Financial Officer of NeoVolta, was granted two awards on May 18, 2026: 1,000,000 and 25,000 restricted stock units (RSUs), for a total of 1,025,000 RSUs. These are derivative awards (transaction code A) with no per‑share purchase price reported — RSUs represent a contingent right to receive shares upon vesting.

Key Details

• Transaction date: May 18, 2026; Form 4 filed May 19, 2026 (filed the next day, within the typical two‑business‑day filing window).
• Price: N/A — these are award grants (no cash purchase or open‑market trade).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: Each RSU equals the contingent right to one share upon vesting.
  • F2: One award vests 33% after one year, then the remaining 67% in eight quarterly installments, subject to continued service.
  • F3: Grants were issued in connection with the reporting person’s employment.
  • F4: One award vests only upon achievement of specified financial metrics, subject to continued service.
• Transaction type: Award/grant (derivative), not an immediate purchase or sale; no immediate impact on free‑float until RSUs vest and are settled.

Context

• RSUs convert to actual shares only if and when they vest. Time‑based RSUs typically indicate retention incentives; performance‑based RSUs require company metrics to be met before shares are issued. These grants are compensation related and do not reflect an open‑market purchase or sale by the insider.