KAVL · Kaival Brands Innovations Group, Inc.

The reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 500,000 shares of the Issuer's common stock. The option was granted pursuant to the applicable award agreement dated March 31, 2026, under the Issuer's Amended and Restated 2020 Stock and Incentive Compensation Plan.

The 500,000 non-qualified stock options shall vest and became exercisable in equal quarterly installments of 125,000 options at the end of each fiscal quarter over the next 4 quarters, subject to continued service.

The reported transaction involved the Reporting Person's receipt of a restricted stock award for 3,000,000 shares of the Issuer's common Stock (the "RSA"). The RSA was granted pursuant to the applicable award agreement dated March 31, 2026, under the Issuer's Amended and Restated 2020 Stock and Incentive Compensation Plan. The RSA represents a contingent right to receive 3,000,000 shares of the Issuer's common stock. Of the 3,000,000 RSAs, 600,000 vests immediately and the remaining 2,400,000 vest in equal quarterly installments of 200,000 shares at the end of each fiscal quarter over the next 12 quarters, subject to continued service.

The reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 3,000,000 shares of the Issuer's common stock. The option was granted pursuant to the applicable award agreement dated March 31, 2026, under the Issuer's Amended and Restated 2020 Stock and Incentive Compensation Plan.

Of the 3,000,000 non-qualified stock options, 600,000 vest and became exercisable immediately and the remaining 2,400,000 shall vest and become exercisable in equal quarterly installments of 200,000 options at the end of each fiscal quarter over the next 12 quarters, subject to continued service.

The reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 3,000,000 shares of the Issuer's common stock. The option was granted pursuant to the applicable award agreement dated March 31, 2026, under the Issuer's Amended and Restated 2020 Stock and Incentive Compensation Plan.

Of the 3,000,000 non-qualified stock options, 600,000 vest and became exercisable immediately and the remaining 2,400,000 shall vest and become exercisable in equal quarterly installments of 200,000 options at the end of each fiscal quarter over the next 12 quarters, subject to continued service.

The reported transaction involved the Reporting Person's receipt of a restricted stock award for 3,000,000 shares of the Issuer's common Stock (the "RSA"). The RSA was granted pursuant to the applicable award agreement dated March 31, 2026, under the Issuer's Amended and Restated 2020 Stock and Incentive Compensation Plan. The RSA represents a contingent right to receive 3,000,000 shares of the Issuer's common stock. Of the 3,000,000 RSAs, 600,000 vests immediately and the remaining 2,400,000 vest in equal quarterly installments of 200,000 shares at the end of each fiscal quarter over the next 12 quarters, subject to continued service.

The reported transaction involved the Reporting Person's receipt of a non-qualified stock option to purchase 586,060 shares of the Issuer's common stock. The option was granted pursuant to the applicable award agreement dated March 31, 2026, under the Issuer's Amended and Restated 2020 Stock and Incentive Compensation Plan.

Of the 586,060 non-qualified stock options, 25% vest and became exercisable immediately and the remaining 75% shall vest and become exercisable in quarterly installments over next three fiscal quarters, subject to continued service.

Represents shares of restricted common stock, vesting on the date of the grant, granted pursuant to the Restricted Stock Agreement between the Issuer and Mr. Worner dated January 2, 2025 under the Kaival Brands Innovations Group, Inc. 2020 Stock And Incentive Compensation Plan, as amended.

Represents shares of restricted common stock, vesting on the date of the grant, granted pursuant to the Restricted Stock Agreement between the Issuer and Mr. Thoenes dated January 2, 2025 under the Kaival Brands Innovations Group, Inc. 2020 Stock And Incentive Compensation Plan, as amended.

Represents shares of restricted common stock, vesting on the date of the grant, granted pursuant to the Restricted Stock Agreement between the Issuer and Mr. Morris dated January 2, 2025 under the Kaival Brands Innovations Group, Inc. 2020 Stock And Incentive Compensation Plan, as amended.

On February 8, 2024 (the "Grant Date"), the Reporting Person received a 10-year incentive stock option grant from the Issuer. The exercise price of such grant is equal to the fair market value of the Issuer's common stock on November 9, 2023, which is the effective date of the Reporting Person's employment agreement with the Issuer. The option shall vest over four years. One-quarter of the option shall vest on the first anniversary of the Grant Date and afterward shall vest monthly at the rate of 1/36 per month until fully vested.

On August 22, 2023, the Reporting Person received a 10-year incentive stock option grant from the Issuer with an exercise price equal to the fair market value on the date of grant. The option shall vest over four years. One-quarter of the option shall vest on the first anniversary of the grant date and afterward shall vest monthly at the rate of 1/36 per month until fully vested.

On August 1, 2023, the Reporting Person received an option grant from the Issuer. The option shall vest over four years. One-quarter of the option shall vest on the first anniversary of the grant date and afterward shall vest monthly at the rate of 1/36 per month until fully vested.

On August 1, 2023, the Reporting Person received an option grant from the Issuer. The option shall vest over four years. One-quarter of the option shall vest on the first anniversary of the grant date and afterward shall vest monthly at the rate of 1/36 per month until fully vested.

This non-qualified stock option was granted as part of the reporting person's 2023 compensation and vests on the first anniversary of the grant date.

This non-qualified stock option was granted as part of the reporting person's 2023 compensation and vests on the first anniversary of the grant date.

This non-qualified stock option was granted pursuant to an amendment to the Consulting Agreement. This option shall vest upon the earlier of: (a) June 30, 2023; (b) one (1) day after the Company files its Form 10-Q for the third quarter of 2023; (c) if the reporting person is terminated by the Company for any reason (other than a material breach by the reporting person) that remains uncured for five (5) business days after the Company notifies the reporting person of such breach; or (d) if the Company undergoes a change of control, as defined in the Consulting Agreement.

One-half of the shares vested immediately on the grant date, and the remaining one-half of the shares will vest on the one-year anniversary of the grant date.

One-half of the shares vested immediately on the grant date, and the remaining one-half of the shares will vest on the one-year anniversary of the grant date.

One-half of the shares vested immediately on the grant date, and the remaining one-half of the shares will vest on the one-year anniversary of the grant date.

One-half of the shares vested immediately on the grant date, and the remaining one-half of the shares will vest on the one-year anniversary of the grant date.

One-half of the shares vested immediately on the grant date, and the remaining one-half of the shares will vest on the one-year anniversary of the grant date.

This non-qualified stock option was granted pursuant to an amendment to a consulting agreement (as amended, the "Consulting Agreement") by and between the reporting person and Kaival Brands Innovations Group, Inc. (the "Company"), and vested on the date of the grant.

The shares underlying the stock option vested completely on the grant date.

One-half of the shares will vest on the one-year anniversary of the grant date, with the remaining shares vesting on the second-year anniversary of the grant date.

The Company discovered that it inadvertently granted stock options to the reporting person in excess of the annual award limits for non-employee directors set forth in the Company's 2020 Stock and Incentive Compensation Plan. Accordingly, the Company and the reporting person agreed to cancel stock options that were granted in excess of such annual award limit.

The Company discovered that it inadvertently granted stock options to the reporting person in excess of the annual award limits for non-employee directors set forth in the Company's 2020 Stock and Incentive Compensation Plan. Accordingly, the Company and the reporting person agreed to cancel stock options that were granted in excess of such annual award limit.

The Company discovered that it inadvertently granted stock options to the reporting person in excess of the annual award limits for non-employee directors set forth in the Company's 2020 Stock and Incentive Compensation Plan. Accordingly, the Company and the reporting person agreed to cancel stock options that were granted in excess of such annual award limit.

The Company discovered that it inadvertently granted stock options to the reporting person in excess of the annual award limits for non-employee directors set forth in the Company's 2020 Stock and Incentive Compensation Plan. Accordingly, the Company and the reporting person agreed to cancel stock options that were granted in excess of such annual award limit.

The Company discovered that it inadvertently granted stock options to the reporting person in excess of the annual award limits for non-employee directors set forth in the Company's 2020 Stock and Incentive Compensation Plan. Accordingly, the Company and the reporting person agreed to cancel stock options that were granted in excess of such annual award limit.

The shares underlying the stock option vested completely on the grant date.

The shares underlying the stock option vested completely on the grant date.

One-half of the shares will vest on the one-year anniversary of the grant date, with the remaining shares vesting on the second-year anniversary of the grant date.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of KAVL's common stock.

On May 28, 2020, the reporting person was granted 250,000 RSUs. The RSUs vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months. On March 5, 2022, the RSUs were cancelled by the mutual agreement of KAVL and the reporting person. Any unvested RSU shares were cancelled.

300,000 shares vested on the grant date. The remaining shares will vest on March 5, 2023.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of KAVL's common stock.

On May 28, 2020, the reporting person was granted 500,000 RSUs. The RSUs vest only in an event of a change of control of KAVL or KAVL achieves in excess of $1 billion in accumulated total gross revenues during the period beginning on March 9, 2020 and ending on October 31, 2023. On March 5, 2022, the RSUs were cancelled by the mutual agreement of KAVL and the reporting person. No vested prior to the cancellation date.

250,000 shares vested on the grant date. The remaining shares will vest on March 5, 2023.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of KAVL's common stock.

On May 28, 2020, the reporting person was granted 250,000 RSUs. The RSUs vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months. On March 5, 2022, the RSUs were cancelled by the mutual agreement of KAVL and the reporting person. Any unvested RSU shares were cancelled.

Each restricted stock unit ("RSU") represents a contingent right to receive one share of KAVL's common stock.

On May 28, 2020, the reporting person was granted 500,000 RSUs. The RSUs vest only in an event of a change of control of KAVL or KAVL achieves in excess of $1 billion in accumulated total gross revenues during the period beginning on March 9, 2020 and ending on October 31, 2023. On March 5, 2022, the RSUs were cancelled by the mutual agreement of KAVL and the reporting person. No vested prior to the cancellation date.

50,000 shares vested on the grant date. The remaining shares will vest on February 27, 2023.

Each restricted stock unit represents a contingent right to receive one share of KAVL's common stock.

On May 28, 2020, the reporting person was granted 250,000 restricted stock units. The restricted stock units vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months.

Each restricted stock unit represents a contingent right to receive one share of KAVL's common stock.

On May 28, 2020, the reporting person was granted 250,000 restricted stock units. The restricted stock units vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months.

Each restricted stock unit represents a contingent right to receive one share of KAVL's common stock.

On May 28, 2020, the reporting person was granted 250,000 restricted stock units. The restricted stock units vest over a three-year period, with a portion vesting immediately on the grant date, and the reminder partially vesting every three months.