March 31, 2026 · Form 4 insider transaction
MORRIS ERIC bought 3,000,000 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 restricted stock award for 3,000,000 shares of the Issuer's common Stock (the "RSA"). The RSA 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 RSA represents a contingent right to receive 3,000,000 shares of the Issuer's common stock. Of the 3,000,000 RSAs, 600,000 vests immediately and the remaining 2,400,000 vest in equal quarterly installments of 200,000 shares at the end of each fiscal quarter over the next 12 quarters, subject to continued service.