Filing Details
- Accession Number:
- 0001731122-20-001271
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-12-11 11:15:09
- Reporting Period:
- 2020-05-28
- Accepted Time:
- 2020-12-11 11:15:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1762239 | Kaival Brands Innovations Group Inc. | KAVL | Blank Checks (6770) | 833492907 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1768676 | Eric Mosser | 4460 Old Dixie Highway Grant FL 32949 | Chief Operating Officer | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2020-05-28 | 150,000 | $0.00 | 150,000 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2020-08-05 | 150,000 | $0.00 | 300,000 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2020-08-05 | 100,000 | $0.88 | 200,000 | No | 4 | F | Direct | |
| Common Stock | Acquisiton | 2020-12-08 | 24,928 | $0.45 | 224,928 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2020-12-08 | 15,828 | $0.48 | 240,756 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2020-12-08 | 5,000 | $0.48 | 245,756 | No | 4 | P | Direct | |
| Common Stock | Acquisiton | 2020-12-08 | 1,672 | $0.47 | 247,428 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct | |
| No | 4 | P | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Stock Units | Acquisiton | 2020-05-28 | 3,000,000 | $0.00 | 3,000,000 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2020-05-28 | 150,000 | $0.00 | 150,000 | $0.00 |
| Common Stock | Restricted Stock Units | Acquisiton | 2020-05-28 | 4,000,000 | $0.00 | 4,000,000 | $0.00 |
| Common Stock | Restricted Stock Units | Disposition | 2020-08-05 | 150,000 | $0.00 | 150,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,000,000 | No | 4 | A | Direct | ||
| 2,850,000 | No | 4 | M | Direct | ||
| 4,000,000 | No | 4 | A | Direct | ||
| 2,700,000 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 204,000,000 | Indirect | By Kaival Holdings, LLC |
Footnotes
- Each restricted stock unit represents a contingent right to receive one share of KAVL's common stock.
- On May 28, 2020, the reporting person was granted 3,000,000 restricted stock units. The restricted stock units vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months.
- The restricted stock units vest only in an event of a change of control or KAVL achieves in excess of $1 billion in accumulated total gross revenues during the period beginning on March 9, 2020 and ending on October 31, 2023.
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