Summary by Moomoo AI
Eric Morris, the Chief Financial Officer of Kaival Brands Innovations, has filed an Initial Statement of Beneficial Ownership of Securities with the SEC, disclosing his direct ownership of 6,020 shares of common stock. The filing, dated 07/19/2024, also details Morris's stock options, which are set to vest over a period extending from 2024 to 2027. The options, exercisable at $16.56 per share, allow Morris to buy an additional 2,381 shares of common stock, with the first 25% vesting on July 8, 2024. This filing is in accordance with Section 16(a) of the Securities Exchange Act of 1934 and follows Morris's appointment as CFO. The event requiring this statement occurred on 03/07/2024.