Company: NEOV
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007811
Chunk: 18

Company: NeoVolta Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 18
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     |               |         – |     |           |   350,000 |
|                                                                                      |     |      | 2024 |     |            |  58,333 | -2 |     |               | 2,854,000 |     |           | 2,912,333 |
| Steve Bond, Director and Chief Financial Officer                                     |     |      | 2025 |     |            | 153,333 | -2 |     |               |   792,000 |     |           |   945,333 |
|                                                                                      |     |      | 2024 |     |            | 125,000 | -2 |     |               |         – |     |           |   125,000 |
| Michael Mendik, Chief Operating Officer (from January 6, 2025 until October 1, 2025) |     |      | 2025 |     |            | 100,000 | -2 |     |               |   781,500 |     |           |   881,500 |

| (1) | Represents the full grant                                                                                                                                                                                                                                                                                                                                                                                                                              
 date fair value of the stock awards and do not necessarily correspond to the actual value that may be realized by the holder. For                                                                                                                                                                                                                                                                                                                      
 additional information, see “Executive Agreements” below.                                                                                                                                                                                                                                                                                                                                                                                              |
| (2) | The amounts shown in the first column represent the payments made or accrued by the Company: (i) to Mr. Johnson in the period from July 1, 2024 through June 30, 2025 and in the period from April 29, 2024 through June 30, 2024, (ii) to Mr. Bond in the period from July 1, 2024 through June 30, 2025 and in the period from July 1, 2023 through June 30, 2024; and (iii) to Mr. Mendik in the period from January 6, 2025 through June 30, 2025. |

Narrative Disclosure to Summary Compensation Table

General

We have compensated our NEOs
through a combination of base salary and equity awards. Each of our NEOs has substantial responsibilities relating to our day-to-day operations.

| 20 |

Base Salary

The Compensation Committee
reviews and approves base salaries of our NEOs. In setting the base salary of each NEO for the periods presented above, the Compensation
Committee relied on