Company: KAVL
Filing Date: 2025-02-21
Form Type: PRE 14C
Source: 0001731122-25-000278
Chunk: 16

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-21
Form: PRE 14C
Chunk 16
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 Date, that are beneficially owned by (i) each person or entity known to our Company to be the beneficial owner of more
than 5% of the outstanding Common Stock; (ii) each officer and director of our Company; and (iii) all officers and directors as a group.
Information relating to beneficial ownership of Common Stock by our principal stockholders is based upon information furnished by each
person using “beneficial ownership” concepts under the rules of the SEC. Under these rules, a person is deemed to be a beneficial
owner of a security if that person has or shares voting power, which includes the power to vote or direct the voting of the security,
or investment power, which includes the power to vote or direct the voting of the security. The person is also deemed to be a beneficial
owner of any security of which that person has a right to acquire beneficial ownership within sixty (60) days. Under the rules of the
SEC, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial
owner of securities as to which he/she may not have any pecuniary beneficial interest. Except as noted below, each person has sole voting
and investment power. Beneficial ownership is determined in accordance with the rules of the SEC and includes voting or investment power
with respect to the shares. Except as otherwise indicated, and subject to applicable community property laws, the persons named in the
table have sole voting and investment power with respect to all shares of our Common Stock held by them.

| Name and Address of Beneficial Owner(1)                |     | Title                                |     | Beneficially 
 owned        |     | Percent of 
 Class(2)   |     |   |
| Officers and Directors                                 |     |                                      |     |              |     |            |     |   |
| Mark Thoenes(3)                                        |     | Chief Executive Officer and Director |     |              |     |            |     |   |
| Eric Morris(4)                                         |     | Chief Financial Officer              |     |              |     |            |     |   |
| David Worner(5)                                        |     | Director                             |     |              |     |            |     |   |
| Ashesh Modi(6)                                         |     | Director                             |     |              |     |            |     |   |
| Ketankumar Patel(7)                                    |     | Director                             |     |              |