VISCONTI JOSEPH C 4
4 · Twin Vee PowerCats, Co. · Filed Nov 26, 2024
Insider Transaction Report
Form 4
VISCONTI JOSEPH C
DirectorCEO & Interim CFO
Transactions
- Award
Stock Option (Right to Buy)
2024-11-26+88,079→ 88,079 totalExercise: $1.14Exp: 2033-10-04→ Common Stock (88,079 underlying) - Award
Common Stock
2024-11-26+60,213→ 2,429,142 total - Award
Stock Option (Right to Buy)
2024-11-26+244,666→ 244,666 totalExercise: $8.17Exp: 2032-08-11→ Common Stock (244,666 underlying) - Award
Stock Option (Right to Buy)
2024-11-26+61,166→ 61,166 totalExercise: $2.17Exp: 2032-12-15→ Common Stock (61,166 underlying)
Footnotes (7)
- [F1]Received in exchange for 98,442 shares of Forza X1, Inc. ("Forza") common stock issued in connection with the merger (the "Merger") of Twin Vee Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Twin Vee PowerCats Co., a Delaware corporation ("Twin Vee"), into Forza. Each share of Forza common stock was exchanged for 0.611666275 shares of Twin Vee common stock on the effective date of the Merger.
- [F2]Consists of options to purchase shares of common stock that will vest pro rata on a monthly basis over a thirty six-month period and are exercisable for a period of ten years from the date of grant, commencing on September 1, 2022.
- [F3]Received in the Merger in exchange for a stock option to acquire 400,000 shares of Forza common stock.
- [F4]Consists of options to purchase shares of common stock that will vest pro rata on a monthly basis over a thirty six-month period and are exercisable for a period of ten years from the date of grant, commencing on January 15, 2023.
- [F5]Received in the Merger in exchange for a stock option to acquire 100,000 shares of Forza common stock.
- [F6]Consists of options to purchase shares of common stock that will vest pro rata on a monthly basis over a thirty six-month period and are exercisable for a period of ten years from the date of grant, commencing on November 4, 2023.
- [F7]Received in the Merger in exchange for a stock option to acquire 144,000 shares of Forza common stock.