July 17, 2025 · Form 4 insider transaction
Tiwari Deepankar bought 1,000,000 shares of Zoomcar Holdings, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 7 days after the transaction.
Issued pursuant to that certain Nonstautory Inducement Award Agreement between the issuer and the reporting person dated July 17, 2025, which was approved by the issuer's compensation committee comprising of independent directors. 25%, or 250,000 shares of common stock, vest on June 30, 2025, the remaining 75%, or 750,000 shares vest in equal quarterly installments on each of September 30, 2025, December 31, 2025 and March 31, 2026.