Company: NEOV
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007811
Chunk: 27

Company: NeoVolta Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 27
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 an RSU award                                                                                                             
 of 1,280,000 that vests over a four-year period beginning April 29,2024, subject to his continued employment with the Company. As of 
 June 30, 2025, 320,000 RSUs had been vested and 960,000 RSUs were unvested.                                                          |
| (3) | Consists of an RSU award that vests over                                                                                             
 a four-year period beginning February 1, 2025 for Mr. Bond and a three-year period beginning January 6, 2025 for Mr. Mendik.         |

| 25 |

Recoupment Policy

We adopted the NeoVolta, Inc.
Dodd-Frank Restatement Recoupment Policy. In the event that we are required to prepare a financial restatement, the Compensation Committee
will recoup all erroneously awarded incentive-based compensation calculated on a pre-tax basis received after October 2, 2023, by a person
(i) after beginning service as an executive officer, (ii) who served as an executive officer at any time during the performance period
for that incentive-based compensation, and (iii) during the three completed fiscal years immediately preceding the date that the Company
is required to prepare a restatement, and any transition period (that results from a change in the Company’s fiscal year) of less
than nine months within or immediately following those three completed fiscal years. “Clawback” or recoupment policy in our
executive compensation program contributes to creating and maintaining a culture that emphasizes integrity and accountability and reinforces
the performance-based principles underlying our executive compensation program.

Granting of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information

We do not grant
equity awards in anticipation of the release of material nonpublic information, and do not time the public release of such information
based on award grant dates. During the last completed fiscal year, we have not made awards to any named executive officer during the period
beginning four business days before and ending one business day after the filing of a period report on Form 10-Q or Form 10-K or the filing
or furnishing of a current report on Form 8-K, and we have not timed the disclosure of material nonpublic information for the
purpose of affecting the value of executive compensation.

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

Policies and Procedures for Related Party Transactions

Our audit committee charter
provides that our