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Filing Details

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
1768756	Nirajkumar Patel	4460 Old Dixie Highway Grant FL 32949	Chief Executive 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
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	55,500	$0.88	244,500	No	4	F	Direct
Common Stock	Acquisiton	2020-12-08	8,710	$0.40	253,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-08	20,000	$0.45	273,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-08	19,000	$0.48	292,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-08	1,000	$0.46	293,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-08	9,000	$0.50	302,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-08	6,000	$0.48	308,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-08	9,000	$0.47	317,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-08	1,000	$0.46	318,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-08	30,000	$0.49	348,210	No	4	P	Direct
Common Stock	Acquisiton	2020-12-09	2,000	$0.44	350,210	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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
No	4	P	Direct
No	4	P	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	6,000,000	$0.00	6,000,000	$0.00
Common Stock	Restricted Stock Units	Disposition	2020-08-05	150,000	$0.00	150,000	$0.00

Remaning Holdings	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
6,000,000	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 remainder 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.