Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 1003

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 9A
Chunk 1003
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:

    Vesting and/or Issuance Date   
    Number of Shares of our Common Stock 
    Price Per Share 
    Aggregate Value
  
     7/8/2023 
     2,381  
     16.56  
     39,429 

Outstanding Equity Awards at Fiscal Year-End October 31, 2024

    Stock Option Awards
  
    Name 
    Number of Stock Options that Have Not Vested (#) 
    Market Value of Stock Options that Have Not Vested ($)
  
     Eric Morris 
     1,786  
     29,572 
  
    Mark Thoenes 
     2,500  
     9,100 

Potential Payments Upon Termination or Change-of-Control

Other than the stock options mentioned
above in “Outstanding Equity Awards at Fiscal Year-End”, none of our named executive officers are entitled to any payments
upon termination or change-of-control.

Retirement or Similar Benefit Plans

There are no arrangements or plans
in which we provide retirement or similar benefits for our named executive officers.

54

Director Compensation

In 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