Company: KAVL
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001731122-25-001359
Chunk: 31

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 31
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| Vesting and/or Issuance Date |     | Number of Shares of our Common Stock |        |     | Price Per Share |       |     | Aggregate Value |         |
| 8/1/2023                     |     |                                      | 12,091 |     |                 | 12.41 |     |                 | 150,049 |

<div align='center'>18</div>

Stephen Sheriff

During the fiscal year ended October
31, 2024, we paid a base salary of approximately $88,352 to Stephen Sheriff, our former COO, compared to a base salary of approximately
$146,528 for the fiscal year ended October 31, 2023.

We issued the following stock
compensation to Mr. Thoenes during fiscal years 2023 and 2024:

| Vesting and/or Issuance Date |     | Number of Shares of our Common Stock |       |     | Price Per Share |       |     | Aggregate Value |        |
| 8/22/2023                    |     |                                      | 7,524 |     |                 | 10.08 |     |                 | 75,842 |
| 2/6/2023                     |     |                                      | 1,190 |     |                 | 15.33 |     |                 | 18,243 |

Eric Morris

During the fiscal year ended October
31, 2024, we paid a base salary of approximately $168,960 to Eric Morris, our Interim CFO, compared to a base salary of approximately
$84,720 for the fiscal year ended October 31, 2023.

We issued the following stock
compensation to Mr. Morris during fiscal years 2023 and 2024:

| 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