Nirajkumar Patel - 05 May 2021 Form 4 Insider Report for Kaival Brands Innovations Group, Inc. (KAVL)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Eric Mosser, as attorney-in-fact
Issuer symbol
KAVL
Transactions as of
05 May 2021
Transactions value $
-$99,469
Form type
4
Filing time
25 Feb 2022, 16:15:00 UTC
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAVL Common Stock Options Exercise $0 +16.7K +20.79% $0.00 96.8K 05 May 2021 Direct F1
transaction KAVL Common Stock Tax liability -$58.9K -4.06K -4.19% $14.52* 92.8K 05 May 2021 Direct
transaction KAVL Common Stock Options Exercise $0 +16.7K +17.96% $0.00 109K 05 Aug 2021 Direct
transaction KAVL Common Stock Tax liability -$25.4K -4.06K -3.71% $6.26* 105K 05 Aug 2021 Direct
transaction KAVL Common Stock Options Exercise $0 +20.8K +19.77% $0.00 126K 05 Nov 2021 Direct
transaction KAVL Common Stock Tax liability -$9.13K -5.07K -4.02% $1.80 121K 05 Nov 2021 Direct
transaction KAVL Common Stock Options Exercise $0 +20.8K +17.2% $0.00 142K 05 Feb 2022 Direct
transaction KAVL Common Stock Tax liability -$5.99K -6.18K -4.35% $0.97 136K 05 Feb 2022 Direct
holding KAVL Common Stock 17M 05 May 2021 By Kaival Holdings, LLC

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 KAVL Restricted Stock Units Options Exercise $0 -16.7K -8.51% $0.00 179K 05 May 2021 Common Stock 16.7K Direct F2, F3
transaction KAVL Restricted Stock Units Options Exercise $0 -16.7K -9.3% $0.00 162K 05 Aug 2021 Common Stock 16.7K Direct F2, F3
transaction KAVL Restricted Stock Units Options Exercise $0 -20.8K -12.82% $0.00 142K 05 Nov 2021 Common Stock 20.8K Direct F2, F3
transaction KAVL Restricted Stock Units Options Exercise $0 -20.8K -14.71% $0.00 121K 05 Feb 2022 Common Stock 20.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person inadvertently reported receiving 12,500 shares of KAVL common stock on February 5, 2021 from the vesting of an RSU, instead of 16,667 shares of KAVL common stock. The starting balance reflects this correction.
F2 Each restricted stock unit represents a contingent right to receive one share of KAVL's common stock.
F3 On May 28, 2020, the reporting person was granted 250,000 restricted stock units. The restricted stock units vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months.