Company: KAVL
Filing Date: 2025-10-07
Form Type: DEF 14A
Source: 0001731122-25-001359
Chunk: 26

Company: Kaival Brands Innovations Group, Inc.
Filing Date: 2025-10-07
Form: DEF 14A
Chunk 26
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 individual member of our Board may change over time and that a thoughtful,
thorough selection process is more important than adopting criteria for directors.

The Governance and Nominating Committee will also
identify, recruit, and screen candidates for our Board, consistent with criteria approved by our Board. The Governance and Nominating
Committee and our Board are fully open to utilizing whatever methodology is efficient in identifying new, qualified directors when needed,
including industry contacts of our directors or professional search firms. The Governance and Nominating Committee also considers any
director candidates recommended by our stockholders pursuant to the procedures described in this Proxy Statement and any nominations of
director candidates validly made by stockholders in accordance with applicable laws, rules, and regulations, and the provisions of our
charter documents.

There were no fees paid or due to third parties in
fiscal 2024 to identify or evaluate, or to assist in evaluating or identifying, potential director nominees.

<div align='center'>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

The following table sets forth information with respect
to the beneficial ownership of our common stock, our only outstanding class of voting stock, known by us as of the Record Date, by:

| ● | each person or entity known by us to be the beneficial owner of more than 5% of our common stock; |
| ● | each of our directors;                                                                            |
| ● | each of our executive officers; and                                                               |
| ● | all of our directors and executive officers as a group.                                           |

<div align='center'>15</div>

Beneficial ownership is determined in accordance with
the rules of the SEC and, thus, represents voting or investment power with respect to our securities as of the Record Date. In computing
the number and percentage of shares beneficially owned by a person, shares that may be acquired by such person within 60 days of the Record
Date are counted as outstanding, while these shares are not counted as outstanding for computing the percentage ownership of any other
person. Except as otherwise indicated, the persons listed below have sole voting and investment power with respect to all shares of our
common stock owned by them, except to the extent such power may be shared with a spouse. Unless otherwise noted, the address of each person
below is c/o Kaival Brands Innovations Group, Inc., 4460 Old Dixie Highway, Grant-Valkaria, Florida 32949.

by them.

| Name and Address of Beneficial Owner(