Yarborough Preston 4
4 · Twin Vee PowerCats, Co. · Filed Nov 26, 2024
Insider Transaction Report
Form 4
Yarborough Preston
DirectorVice President
Transactions
- Award
Stock Option (Right to Buy)
2024-11-26+45,874→ 45,874 totalExercise: $8.17Exp: 2032-09-01→ Common Stock (45,874 underlying)
Footnotes (2)
- [F1]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.
- [F2]Received in exchange for a stock option to acquire 75,000 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.