Mosser Eric 4
4 · Kaival Brands Innovations Group, Inc. · Filed Apr 6, 2021
Insider Transaction Report
Form 4
Mosser Eric
DirectorCOO, Secretary10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-02-05−150,000→ 2,400,000 total→ Common Stock (150,000 underlying) - Exercise/Conversion
Restricted Stock Units
2020-11-05−150,000→ 2,550,000 total→ Common Stock (150,000 underlying) - Exercise/Conversion
Common Stock
2020-11-05+150,000→ 397,428 total - Tax Payment
Common Stock
2020-11-05$0.32/sh−125,000$39,500→ 272,428 total - Award
Common Stock
2021-01-01+75,000→ 347,428 total - Exercise/Conversion
Common Stock
2021-02-05+150,000→ 497,428 total - Tax Payment
Common Stock
2021-02-05$1.34/sh−19,452$26,066→ 477,976 total
Holdings
- 204,000,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]The reporting person was previously granted an equity award of 75,000 restricted shares of KAVL's common stock for every $50,000,000 in accumulated gross revenues generated. 75,000 shares vested on January 1, 2021 upon satisfaction of the performance criteria.
- [F2]Each restricted stock unit represents a contingent right to receive one share of KAVL's common stock.
- [F3]On May 28, 2020, the reporting person was granted 3,000,000 restricted stock units. The restricted stock units vest over a three-year period, with a portion vesting immediately on the grant date, and the remainder partially vesting every three months.