4//SEC Filing
Schuyler Kevin 4
Accession 0001731122-24-001893
CIK 0001901305other
Filed
Nov 25, 7:00 PM ET
Accepted
Nov 26, 4:59 PM ET
Size
7.6 KB
Accession
0001731122-24-001893
Insider Transaction Report
Form 4
Forza X1, Inc.FRZA
Schuyler Kevin
Director
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2024-11-26−5,500→ 0 totalExercise: $5.00Exp: 2032-09-01→ Common Stock (5,500 underlying) - Disposition to Issuer
Common Stock
2024-11-26−100,000→ 0 total
Footnotes (3)
- [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 61,166 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 are fully vested and 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 3,364 shares of Twin Vee common stock for $8.17 per share.
Documents
Issuer
Forza X1, Inc.
CIK 0001901305
Entity typeother
Related Parties
1- filerCIK 0001718094
Filing Metadata
- Form type
- 4
- Filed
- Nov 25, 7:00 PM ET
- Accepted
- Nov 26, 4:59 PM ET
- Size
- 7.6 KB