InsiderTrades

Form 4 for VEEE Twin Vee PowerCats, Co.

Accepted 2024-11-26 00:00:00 ET · period of report 2024-11-26 · accession 0001731122-24-001885 · 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 2024-11-26 2024-11-26 VEEE VISCONTI JOSEPH C Dir A - Grant — +60.2K 2.43M +3% —
DM 2024-11-26 2024-11-26 VEEE VISCONTI JOSEPH C Dir A - Grant — +393.9K 88.1K New —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common Common Stock 2024-11-26 A A 60,213 — 2,429,142 D — — (F1) Received in exchange for 98,442 shares of Forza X1, Inc. ("Forza") common stock issued in connection with the merger (the "Merger") of Twin Vee Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Twin Vee PowerCats Co., a Delaware corporation ("Twin Vee"), into Forza. Each share of Forza common stock was exchanged for 0.611666275 shares of Twin Vee common stock on the effective date of the Merger.
2 Derivative Stock Option (Right to Buy) 2024-11-26 A A 244,666 — 244,666 D $8.17 · — to 2032-08-11 244,666 Common Stock (F2) Consists of options to purchase shares of common stock that will vest pro rata on a monthly basis over a thirty six-month period and are exercisable for a period of ten years from the date of grant, commencing on September 1, 2022. (F3) Received in the Merger in exchange for a stock option to acquire 400,000 shares of Forza common stock.
3 Derivative Stock Option (Right to Buy) 2024-11-26 A A 61,166 — 61,166 D $2.17 · — to 2032-12-15 61,166 Common Stock (F4) Consists of options to purchase shares of common stock that will vest pro rata on a monthly basis over a thirty six-month period and are exercisable for a period of ten years from the date of grant, commencing on January 15, 2023. (F5) Received in the Merger in exchange for a stock option to acquire 100,000 shares of Forza common stock.
4 Derivative Stock Option (Right to Buy) 2024-11-26 A A 88,079 — 88,079 D $1.14 · — to 2033-10-04 88,079 Common Stock (F6) Consists of options to purchase shares of common stock that will vest pro rata on a monthly basis over a thirty six-month period and are exercisable for a period of ten years from the date of grant, commencing on November 4, 2023. (F7) Received in the Merger in exchange for a stock option to acquire 144,000 shares of Forza common stock.