PATEL NIRAJKUMAR (CEO, CFO, President, Treasurer) exercised options at KAIVAL BRANDS INNOVATIONS GROUP, INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 4 exercises

PATEL NIRAJKUMAR

Filed: 2/25/2022ACC: 0001731122-22-000323

InsiderPATEL NIRAJKUMARCIK 1768756

→

IssuerKAIVAL BRANDS INNOVATIONS GROUP, INC.CIK 1762239

DirectorOfficer10% Owner· CEO, CFO, President, Treasurer

Since Feb 2019

-19.37K

Net shares

Net seller

$99.5K

Total sold

Open market trades

0B · 0S

Total transactions

75K acquired · 94.37K disposed

Non-Derivative Transactions8

Common Stock

Direct

M · Option Exercise

+16.67K

Price / share

—

Trade value

—

% of position

20.8%

5/5/2021

80.17K→96.84K

Common Stock

Direct

F · Tax Withholding

−4.06K

Price / share

$14.52

Trade value

$58.94K

% of position

4.2%

5/5/2021

96.84K→92.78K

Common Stock

Direct

M · Option Exercise

+16.67K

Price / share

—

Trade value

—

% of position

18.0%

8/5/2021

92.78K→109.44K

Common Stock

Direct

F · Tax Withholding

−4.06K

Price / share

$6.26

Trade value

$25.41K

% of position

3.7%

8/5/2021

109.44K→105.39K

Common Stock

Direct

M · Option Exercise

+20.83K

Price / share

—

Trade value

—

% of position

19.8%

11/5/2021

105.39K→126.22K

Common Stock

Direct

F · Tax Withholding

−5.07K

Price / share

$1.80

Trade value

$9.13K

% of position

4.0%

11/5/2021

126.22K→121.14K

Common Stock

Direct

M · Option Exercise

+20.83K

Price / share

—

Trade value

—

% of position

17.2%

2/5/2022

121.14K→141.98K

Common Stock

Direct

F · Tax Withholding

−6.18K

Price / share

$0.97

Trade value

$5.99K

% of position

4.4%

2/5/2022

141.98K→135.80K

Total

Net shares

+55.63K

Net value

-$99.47K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/5/2021	M · Option Exercise	+16.67K	—	—	20.8%	80.17K	96.84K
Common Stock Direct	5/5/2021	F · Tax Withholding	−4.06K	$14.52	$58.94K	4.2%	96.84K	92.78K
Common Stock Direct	8/5/2021	M · Option Exercise	+16.67K	—	—	18.0%	92.78K	109.44K
Common Stock Direct	8/5/2021	F · Tax Withholding	−4.06K	$6.26	$25.41K	3.7%	109.44K	105.39K
Common Stock Direct	11/5/2021	M · Option Exercise	+20.83K	—	—	19.8%	105.39K	126.22K
Common Stock Direct	11/5/2021	F · Tax Withholding	−5.07K	$1.80	$9.13K	4.0%	126.22K	121.14K
Common Stock Direct	2/5/2022	M · Option Exercise	+20.83K	—	—	17.2%	121.14K	141.98K
Common Stock Direct	2/5/2022	F · Tax Withholding	−6.18K	$0.97	$5.99K	4.4%	141.98K	135.80K
Total			+55.63K		-$99.47K

Derivative Transactions4

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

16.67K shares

−16.67K

Strike price

Held after

179.17K

Exercisable

—

5/5/2021

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

16.67K shares

−16.67K

Strike price

Held after

162.50K

Exercisable

—

8/5/2021

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

20.83K shares

−20.83K

Strike price

Held after

141.67K

Exercisable

—

11/5/2021

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

20.83K shares

−20.83K

Strike price

Held after

120.83K

Exercisable

—

2/5/2022

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock16.67K shares	5/5/2021	M · Option Exercise	−16.67K	—	179.17K
Restricted Stock Units Direct	Common Stock16.67K shares	8/5/2021	M · Option Exercise	−16.67K	—	162.50K
Restricted Stock Units Direct	Common Stock20.83K shares	11/5/2021	M · Option Exercise	−20.83K	—	141.67K
Restricted Stock Units Direct	Common Stock20.83K shares	2/5/2022	M · Option Exercise	−20.83K	—	120.83K

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned17M

Total

17M indirect17M

Security Title	Shares Owned	Ownership Type
Common Stock	17M	Indirect
Total	17M	17M indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported