Company: NEOV
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007811
Chunk: 16

Company: NeoVolta Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 16
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 Hass                                                   |     |                                           |    76,190 |    |     |                         |    * |   |
| Michael Mendik                                              |     |                                           |         – |    |     |                         |    – |   |
| All Executive Officers and Directors as a group (7 persons) |     |                                           | 1,473,689 |    |     |                         |  4.0 | % |
| 5% shareholders:                                            |     |                                           |           |    |     |                         |      |   |
| Brent Willson                                               |     |                                           | 3,550,000 | -4 |     |                         | 10.2 | % |

| *   | Less than 1%.                                                                                                                         |
| (1) | Based on 34,733,692 shares outstanding as of October 17, 2025.                                                                        |
| (2) | Pursuant to his employment agreement, in April 2024 Mr. Johnson received a restricted stock unit award for 1,280,000 shares of common 
 stock that will vest over a four-year period. As of June 30, 2025, the vested and unvested portions of Mr. Johnson’s award were       
 320,000 shares and 960,000 shares, respectively.                                                                                      |
| (3) | Includes shares held by The Susan Hegarty Snow Trust, of which Ms. Snow is a beneficiary.                                             |
| (4) | Includes shares held by Canmore International, Inc., an entity affiliated with Brent Willson.                                         |

Compensation of Non-Employee Directors

Our non-employee directors
receive compensation either in the form of all stock, or a combination of cash and stock, at their election, in addition to reimbursement
for travel costs to attend meetings. Each non-employee director receives the cash equivalent of $65,000 per year for being a member of
the board, and no additional fees are paid to them for service on our Board committees. Calculation of the stock portion of fees elected
by non-employee directors is made quarterly and such shares are issued annually. Payment of the cash portion of fees elected by non-employee
directors is made by the Company quarterly.

The following table sets forth compensation paid or awarded to, or earned by, each of our directors (except for Mr. Johnson and Mr. Bond,
whose compensation is disclosed under “Executive Compensation—Summary Compensation Table” below) during
fiscal year 2025:

| Name