Company: NEOV
Filing Date: 2025-10-28
Form Type: DEF 14A
Source: 0001683168-25-007811
Chunk: 11

Company: NeoVolta Inc.
Filing Date: 2025-10-28
Form: DEF 14A
Chunk 11
---
, or any other board committee, accept, directly or indirectly, any consulting,
advisory, or other compensatory fee from the listed company or any of its subsidiaries or otherwise be an affiliated person of the listed
company or any of its subsidiaries. In considering the independence of compensation committee members, the Nasdaq Rules require that our
board of directors must consider additional factors relevant to the duties of a compensation committee member, including the source of
any compensation we pay to the director and any affiliations with our company.

Our board of directors undertook
a review of the composition of our board of directors and its committees and the independence of each director. Based upon information
requested from and provided by each director concerning his or her background, employment and affiliations, including family relationships,
our board of directors has determined that each of our directors, with the exception of Messrs. Johnson and Bond, is independent as defined
under the Nasdaq Rules.

Insider Trading Policy

Our Board has adopted an Insider
Trading Policy that applies to all of our directors and employees. The policy attempts to establish standards that will avoid even the
appearance of improper conduct on the part of insiders.

Hedging and Pledging Policy

We do not permit our directors
and employees to enter into hedging and monetization transactions or to engage in short sale transactions in the Company’s securities.
We believe that such transactions can mitigate or eliminate the economic risk of ownership and disincentivize such individuals from seeking
to improve the Company’s performance and, consequently impair their alignment with our stockholders’ interests.

| 13 |

We also do not permit our
directors and executive officers to enter into pledging arrangements involving their shares of our common stock. We believe such arrangements
present a risk that the individual could be pressured or forced to sell our stock to meet loan requirements, which would be inconsistent
with aligning their interests with long-term stockholder interests, and potentially could cause us reputational harm and violate internal
policies regarding transacting in our stock when such person is aware of material nonpublic information or otherwise prohibited from trading
in our common stock.

Leadership Structure

Mr. Johnson serves as both
our Chief Executive Officer and Chairman of the Board. Our Board of Directors has no policy with regard to the separation of the offices
of Chairman of the Board and Chief Executive Officer, and believes, given the size of our company, it is appropriate for Mr. Johnson to
serve in both roles.

We believe that independent
and effective