Chuang George T. 4
4 · Kaival Brands Innovations Group, Inc. · Filed Jun 27, 2022
Insider Transaction Report
Form 4
Chuang George T.
Director
Transactions
- Disposition to Issuer
Stock Options
2022-06-24−8,334→ 16,666 totalExercise: $9.12Exp: 2031-06-30→ Common Stock (8,334 underlying) - Award
Stock Options
2022-06-24+125,000→ 125,000 totalExercise: $1.72Exp: 2032-06-24→ Common Stock (125,000 underlying)
Footnotes (2)
- [F1]The Company discovered that it inadvertently granted stock options to the reporting person in excess of the annual award limits for non-employee directors set forth in the Company's 2020 Stock and Incentive Compensation Plan. Accordingly, the Company and the reporting person agreed to cancel stock options that were granted in excess of such annual award limit.
- [F2]The shares underlying the stock option vested completely on the grant date.