Company: KAVL
Filing Date: 2025-02-10
Form Type: 10-K
Source: 0001731122-25-000185
Chunk: 706

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-02-10
Form: 10-K
Item: Item 5
Chunk 706
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ers are also required to furnish us with copies of all ownership reports they file with
the SEC. To our knowledge, based solely on a review of the copies of such reports furnished to us, the following directors, executive
officers and Ten Percent Holders did not comply with all Section 16(a) filing requirements as of October 31, 2024 as follows: Messrs.
Patel and Modi filed their Form 3s late in 2024

Insider Trading Policy

In March 2023, we adopted an insider trading policy governing the purchase,
sale, and/or other dispositions of our securities by our directors, officers, and employees, to promote compliance with insider trading
laws, rules and regulations, and applicable Nasdaq listing standards applicable to us. Our insider trading policy, among other things,
prohibits our directors, officers, and employees from holding our securities in a margin account or pledging our securities as collateral
for a loan. In addition, our insider trading policy prohibits employees, officers, and directors from engaging in put or call options,
short selling, or similar hedging activities involving our stock. 

Compensation Committee Interlocks and Insider Participation

None of our executive officers
currently serve, or have served during the last year, as a member of the board of directors or compensation committee of any entity, other
than us, that has one or more executive officers serving as a member of our Board.

Item  11. Executive Compensation

Summary Compensation Table

The table below summarizes all
compensation awarded to, earned by, or paid to our named executive officers, which is defined herein as (i) all individuals serving or
having served as our principal executive officer or officers during the year ended October 31, 2024, (ii) each of our two other most highly
compensated executive officers who were serving as executive officers at the end of the year ended October 31, 2024, and (iii) any individuals
for whom disclosure would have been required but for the fact that the individual was not serving as an executive officer as of the fiscal
year ended October 31, 2024.

    Name and principal position 
    Fiscal Year Ended October 31, 
    Salary ($) 
    Bonus ($) 
    Stock Awards ($) 
    Option Awards ($) (1) 
    Non-Equity Incentive Plan Compensation ($) 
    Nonqualified Deferred Compensation Earnings ($) 
    Total ($)
  
    Nirajkumar Patel, Former