Netcapital Inc. — Director's Dealing 2023

May 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Netcapital Inc. (NCPL)
CIK: 0001414767
Period of Report: 2023-04-25

Reporting Person: Scott Arnold (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-04-25	Option (right to buy)	$1.40	A	20000	Acquired	2023-04-25	Common Stock (20000)	Direct

Footnotes

F1: The options were issued pursuant to the Issuer's 2023 Omnibus Equity Incentive Plan (the "Plan") and vest and become exercisable in forty-eight (48) equal monthly installments commencing on April 25, 2023 and will become fully vested on April 25, 2027, subject to the Reporting Peron's continued service with the Issuer.