Kaival Brands (KAVL) Director Mark Thoenes Receives Option Award

What Happened Mark L. Thoenes, a director of Kaival Brands Innovations Group, Inc. (KAVL), was granted 250,000 non‑qualified stock options on August 15, 2026. The grant is reported as a derivative acquisition (amount acquired shown at $0.00 on the Form 4), and the exercise price equals the fair market value on the grant date. This is an equity award (compensation), not an open‑market purchase or sale.

Key Details

• Transaction date: August 15, 2026; reported on Form 4 filed September 16, 2026 (filed late—more than two business days after the transaction).
• Grant: 250,000 non‑qualified stock options (derivative) acquired; filing shows $0.00 for acquisition value; exercise price = FMV on grant date (footnote).
• Vesting: Vests in full on the earlier of December 31, 2026 or a Change in Control, subject to continued service as a director (see footnote).
• Holdings after grant: Filing notes this grant “includes” 500,000 options previously reported (Form 4 filed April 7, 2026), implying a total of 750,000 options reported for Thoenes in this filing (all are options, not shares).
• Footnotes: F1 = non‑qualified stock option grant under the 2020 plan; F2 = vesting schedule; F3 = exercise price tied to grant‑date FMV; F4 = reference to prior 500,000 options.
• Filing timeliness: Late filing may be a reporting violation; the Form 4 was submitted about one month after the grant date.

Context This report documents an option award (a right to buy shares at a set exercise price) rather than an exercise or sale. No cash changed hands at grant; value to the insider depends on future share price and whether/when options are exercised. The award accelerates on a Change in Control (common in retention/transaction scenarios). Awards are routine for compensation and do not by themselves signal immediate insider buying or selling.