Brent Willson - Jan 1, 2023 Form 4 Insider Report for NeoVolta Inc. (NEOV)

Role
Chief Executive Officer, Director
Signature
/s/ Brent Willson
Stock symbol
NEOV
Transactions as of
Jan 1, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 07:09 PM
Previous filing
Jul 27, 2022
Next filing
Oct 10, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEOV Common Stock Options Exercise +50K 50K Jan 1, 2023 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NEOV Restricted Stock Units Options Exercise -50K -33.33% 100K Jan 1, 2023 Common Stock 50K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issued upon conversion of restricted stock units that convert into common stock on a one-for-one basis.
F2 The reporting person was granted 300,000 restricted stock units (RSUs), vesting as follows: (i) 50,000 of the RSUs vested on January 1, 2023; and (ii) 100,000 RSUs shall vest shall vest on the occurrence of both of the following events: (A) the Company producing at least 2,000 energy storage systems during 2022; and (B) the earliest of (1) a change in control or (2) the termination of the reporting person's employment by the Company without cause (as defined in the employment agreement between the Company and reporting person dated on or about the date hereof) or (3) the death of reporting person, or (4) January 1, 2023, provided the reporting person is serving as an employee of the Company on such date.
F3 Does not include 4,000,000 shares held by Canmore International, Inc., an entity affiliated with the reporting person.