Ross Neil 4
4 · Twin Vee PowerCats, Co. · Filed Nov 26, 2024
Insider Transaction Report
Form 4
Ross Neil
Director
Transactions
- Award
Stock Option (Right to Buy)
2024-11-26+3,364→ 3,364 totalExercise: $8.17Exp: 2032-09-01→ Common Stock (3,364 underlying) - Award
Common Stock
2024-11-26+19,033→ 19,033 total
Footnotes (3)
- [F1]Received in exchange for 31,117 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 are fully vested and 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 5,500 shares of Forza common stock.