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4//SEC Filing

Patel Nirajkumar 4

Accession 0001731122-22-000323

CIK 0001762239other

View on SEC.gov Company Profile

Filed

Feb 24, 7:00 PM ET

Accepted

Feb 25, 5:15 PM ET

Size

24.8 KB

Accession

0001731122-22-000323

Insider Transaction Report

Form 4

Period: 2021-05-05

Kaival Brands Innovations Group, Inc.KAVL

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

Common Stock
(indirect: By LLC)
17,000,000

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.

Documents

1 file

4
ownership.xmlPrimary

Issuer

Kaival Brands Innovations Group, Inc.

CIK 0001762239

Entity typeother

Related Parties

1

filerCIK 0001768756

Filing Metadata

Form type: 4
Filed: Feb 24, 7:00 PM ET
Accepted: Feb 25, 5:15 PM ET
Size: 24.8 KB

View on SEC.gov