Form 4 for NEOV NeoVolta Inc.

Accepted 2023-01-04 00:00:00 ET · period of report 2023-01-01 · accession 0001683168-23-000031 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2023-01-04	2023-01-01	NEOV	Willson Brent	CEO, Dir	M - OptEx	—	+50.0K	50.0K	New	—
D	2023-01-04	2023-01-01	NEOV	Willson Brent	CEO, Dir	M - OptEx	—	-50.0K	100.0K	-33%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-01-01	M	A	50,000	—	50,000	D	—	—	(F1) Issued upon conversion of restricted stock units that convert into common stock on a one-for-one basis. (F3) Does not include 4,000,000 shares held by Canmore International, Inc., an entity affiliated with the reporting person.
2	Derivative	Restricted Stock Units	2023-01-01	M	D	50,000	—	100,000	D	— · — to —	50,000 Common Stock	(F1) Issued upon conversion of restricted stock units that convert into common stock on a one-for-one basis. (F2) The reporting person was granted 300,000 restricted stock units (RSUs), vesting as follows: (i) 50,000 of the RSUs vested on January 1, 2023; and (ii) 100,000 RSUs shall vest shall vest on the occurrence of both of the following events: (A) the Company producing at least 2,000 energy storage systems during 2022; and (B) the earliest of (1) a change in control or (2) the termination of the reporting person's employment by the Company without cause (as defined in the employment agreement between the Company and reporting person dated on or about the date hereof) or (3) the death of reporting person, or (4) January 1, 2023, provided the reporting person is serving as an employee of the Company on such date.