THOENES MARK L 4

What Happened Mark L. Thoenes, a director of Kaival Brands Innovations Group, Inc. (KAVL), was granted 500,000 non‑qualified stock options on 2026-03-31. The options were reported with an exercise price of $0.00 (reported acquisition value $0) and were issued under the company’s Amended and Restated 2020 Stock and Incentive Compensation Plan.

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-07 (appears later than the typical two-business-day reporting window).
• Grant: 500,000 non‑qualified stock options, exercise price reported as $0.00; reported as an award/derivative acquisition.
• Vesting: Options vest in four equal quarterly installments of 125,000 options at the end of each fiscal quarter over the next four quarters, subject to continued service (per award agreement).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: Grant issued pursuant to award agreement dated March 31, 2026, under the Issuer’s 2020 Stock and Incentive Compensation Plan.

Context This was a grant (award) of options rather than a purchase or sale; no cash changed hands at grant and there is no indication the options were exercised or shares sold. Vesting over the next four quarters ties potential future ownership to continued service. Grants to directors are common compensation events and do not by themselves indicate buying or selling sentiment.