Hopkins Barry Michael bought KAVL
February 8, 2024 · Form 4 insider transaction
Hopkins Barry Michael bought 63,881 shares of Kaival Brands Innovations Group, 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 4 days after the transaction.
Footnotes
On February 8, 2024 (the "Grant Date"), the Reporting Person received a 10-year incentive stock option grant from the Issuer. The exercise price of such grant is equal to the fair market value of the Issuer's common stock on November 9, 2023, which is the effective date of the Reporting Person's employment agreement with the Issuer. The option shall vest over four years. One-quarter of the option shall vest on the first anniversary of the Grant Date and afterward shall vest monthly at the rate of 1/36 per month until fully vested.