4//SEC Filing
VISCONTI JOSEPH C 4
Accession 0001731122-24-001892
CIK 0001901305other
Filed
Nov 25, 7:00 PM ET
Accepted
Nov 26, 4:59 PM ET
Size
12.9 KB
Accession
0001731122-24-001892
Insider Transaction Report
Form 4
Forza X1, Inc.FRZA
VISCONTI JOSEPH C
DirectorExecutive Chairman10% Owner
Transactions
- Disposition to Issuer
Common Stock
2024-11-26−98,442→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2024-11-26−400,000→ 0 totalExercise: $5.00Exp: 2032-08-11→ Common Stock (244,666 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2024-11-26−100,000→ 0 totalExercise: $1.33Exp: 2032-12-15→ Common Stock (61,166 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2024-11-26−144,000→ 0 totalExercise: $0.70Exp: 2033-10-04→ Common Stock (88,079 underlying)
Footnotes (7)
- [F1]Disposed of pursuant to 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 X1, Inc. ("Forza"), in exchange for 60,213 shares of Twin Vee common stock. 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]This option was assumed by Twin Vee in the Merger and replaced with an option to purchase 244,666 shares of Twin Vee common stock for $8.17 per share.
- [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]This option was assumed by Twin Vee in the Merger and replaced with an option to purchase 61,166 shares of Twin Vee common stock for $2.17 per share.
- [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]This option was assumed by Twin Vee in the Merger and replaced with an option to purchase 88,079 shares of Twin Vee common stock for $1.138 per share.
Documents
Issuer
Forza X1, Inc.
CIK 0001901305
Entity typeother
Related Parties
1- filerCIK 0001070916
Filing Metadata
- Form type
- 4
- Filed
- Nov 25, 7:00 PM ET
- Accepted
- Nov 26, 4:59 PM ET
- Size
- 12.9 KB