Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 710

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 5
Chunk 710
---
 fiscal year 2024, we compensated
our independent directors as follows:

    Name of Director (1)   
    Fees Earned or Paid in Cash 
    Option Awards 
    Total
  
     Roger Brooks (2) 
     56,111  
     0  
     56,111 
  
     George Chuang (3) 
     57,222  
     0  
     57,222 
  
     James P. Cassidy (4) 
     48,370  
     0  
     48,370 
  
     Barry M. Hopkins (5) 
     25,000  
     0  
     25,000 
  
    David Worner 
     99,167  
     36,071  
     135,238 
  
    Mark Thoenes 
     26,211  
     36,071  
     62,282 
  
    Ashesh Modi (6) 
     26,111  
     21,643  
     47,754 
  
     Ketankumar Patel (7) 
     26,111  
     21,643  
     47,754 

(1)

Mr.
Patel is a named executive officer and, accordingly, his compensation is included in the “Summary Compensation Table” above.
Mr. Patel did not receive any compensation for their service as a director for the fiscal year ended October 31, 2024. Mr. Patel passed
away on September 7, 2024.

(2)

Mr.
Brooks resigned from the Board on February 22, 2024.

(3)

Mr.
Chuang resigned from the Board on February 26, 2024.

(4)

Mr. Cassidy resigned from the Board
on January 25, 2024.

(5)
Mr. Hopkins resigned from the Board
on February 22, 2024

(6)
Mr. Modi was appointed to the Board
on April 23, 2024.

(7)
Mr. Patel was appointed to the
Board on April 23, 2024.

Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters. 

Securities Authorized for Issuance Under Equity Compensation Plans

As of October 31, 2024, there
were no outstanding equity awards