March 31, 2026 · Form 4 insider transaction
THOENES MARK L bought 500,000 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 7 days after the transaction.
The reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 500,000 shares of the Issuer's common stock. The option was granted pursuant to the applicable award agreement dated March 31, 2026, under the Issuer's Amended and Restated 2020 Stock and Incentive Compensation Plan.; The 500,000 non-qualified stock options shall vest and became exercisable in equal quarterly installments of 125,000 options at the end of each fiscal quarter over the next 4 quarters, subject to continued service.