Ross Neil 4
4 · Forza X1, Inc. · Filed Nov 26, 2024
Insider Transaction Report
Form 4
Forza X1, Inc.FRZA
Ross Neil
Director
Transactions
- Disposition to Issuer
Common Stock
2024-11-26−31,117→ 0 total - 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)
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 19,033 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.