Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 795

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 7
Chunk 795
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 Issuance Date   
    Number of Shares of our Common Stock 
    Price Per Share 
    Aggregate Value
  
    8/1/2023 
     27,004  
     12.41  
     335,120 
  
    2/6/2023 
     23,810  
     15.33  
     365,007 

Mark Thoenes

During the fiscal year ended October
31, 2024, we paid a base salary of approximately $74,583 to Mark Thoenes, our Interim CEO, compared to a base salary of approximately
$298,050 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
  
     3/3/2023 
     2,381  
     12.87  
     30,643 
  
    4/23/2024 
     10,000  
     3.64  
     36,400 

Thomas Meztler

During the fiscal year ended October
31, 2024, we paid a base salary of approximately $83,112 to Thomas Meztler, our former CFO, compared to a base salary of approximately
$61,076 for the fiscal year ended October 31, 2023.

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

    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 

53

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