Form 4 for VEEE Twin Vee PowerCats, Co.
Accepted 2024-11-26 00:00:00 ET · period of report 2024-11-26 · accession 0001731122-24-001890 · 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 | Ross Neil | Dir | A - Grant | — | +19.0K | 19.0K | New | — |
| D | 2024-11-26 | 2024-11-26 | VEEE | Ross Neil | Dir | A - Grant | — | +3,364 | 3,364 | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-11-26 | A | A | 19,033 | — | 19,033 | D | — | — | (F1) Received in exchange for 31,117 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 | 3,364 | — | 3,364 | D | $8.17 · — to 2032-09-01 | 3,364 Common Stock | (F2) Consists of options to purchase shares of common stock that are fully vested and 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 5,500 shares of Forza common stock. |