Patel Nirajkumar 4
4 · Kaival Brands Innovations Group, Inc. · Filed Feb 25, 2022
Insider Transaction Report
Form 4
Patel Nirajkumar
DirectorCEO, CFO, President, Treasurer10% Owner
Transactions
- Exercise/Conversion
Common Stock
2021-05-05+16,667→ 96,836 total - Tax Payment
Common Stock
2021-05-05$14.52/sh−4,059$58,937→ 92,777 total - Exercise/Conversion
Common Stock
2021-08-05+16,667→ 109,444 total - Exercise/Conversion
Common Stock
2021-11-05+20,833→ 126,218 total - Tax Payment
Common Stock
2021-11-05$1.80/sh−5,073$9,131→ 121,145 total - Exercise/Conversion
Common Stock
2022-02-05+20,833→ 141,978 total - Exercise/Conversion
Restricted Stock Units
2021-05-05−16,667→ 179,166 total→ Common Stock (16,667 underlying) - Exercise/Conversion
Restricted Stock Units
2022-02-05−20,833→ 120,833 total→ Common Stock (20,833 underlying) - Tax Payment
Common Stock
2021-08-05$6.26/sh−4,059$25,409→ 105,385 total - Tax Payment
Common Stock
2022-02-05$0.97/sh−6,177$5,992→ 135,801 total - Exercise/Conversion
Restricted Stock Units
2021-08-05−16,667→ 162,499 total→ Common Stock (16,667 underlying) - Exercise/Conversion
Restricted Stock Units
2021-11-05−20,833→ 141,666 total→ Common Stock (20,833 underlying)
Holdings
- 17,000,000(indirect: By LLC)
Common Stock
Footnotes (3)
- [F1]The reporting person inadvertently reported receiving 12,500 shares of KAVL common stock on February 5, 2021 from the vesting of an RSU, instead of 16,667 shares of KAVL common stock. The starting balance reflects this correction.
- [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 250,000 restricted stock units. The restricted stock units vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months.