Neil Ross - Nov 26, 2024 Form 4 Insider Report for Twin Vee PowerCats, Co. (VEEE)

Role
Director
Signature
/s/ Neil Ross
Stock symbol
VEEE
Transactions as of
Nov 26, 2024
Transactions value $
$0
Form type
4
Date filed
11/26/2024, 04:58 PM
Previous filing
Sep 30, 2024
Next filing
May 21, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VEEE Common Stock Award +19K 19K Nov 26, 2024 Direct F1

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 VEEE Stock Option (Right to Buy) Award +3.36K 3.36K Nov 26, 2024 Common Stock 3.36K $8.17 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 31,117 shares of Forza X1, Inc. ("Forza") common stock issued in connection with 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. 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 Received in the Merger in exchange for a stock option to acquire 5,500 shares of Forza common stock.