NeoVolta Inc. — Director's Dealing 2022

Jul 28, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: NeoVolta Inc. (NEOV)
CIK: 0001748137
Period of Report: 2022-07-27

Reporting Person: Willson Brent (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4000000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (150000)		Direct

Footnotes

F1: Shares held by Canmore International, Inc., an entity affiliated with the reporting person.

F2: The restricted stock units (RSUs) set forth in this table vests as follows: (i) 50,000 of the RSUs shall vest on the occurrence of both of the following events: (A) the Common Stock becoming listed on the Nasdaq Stock Market prior to December 31, 2022; and (B) the earliest of (1) a change in control or (2) the termination of the reporting person's employment by the Company without cause (as defined in the employment agreement between the Company and reporting person), or (3) the death of reporting person, or (4) January 1, 2023, provided the reporting person is serving as an employee of the Company on such date; and

F3: (ii) 100,000 RSUs shall vest shall vest on the occurrence of both of the following events: (A) the Company producing at least 2,000 energy storage systems during 2022; and (B) the earliest of (1) a change in control or (2) the termination of the reporting person's employment by the Company without cause (as defined in the employment agreement between the Company and reporting person dated on or about the date hereof) or (3) the death of reporting person, or (4) January 1, 2023, provided the reporting person is serving as an employee of the Company on such date.

F4: Each restricted stock unit represents a contingent right to receive one shares of Company common stock.