ITEM 8.01. OTHER EVENTS
On June 27, 2022, Kaival Holdings, LLC ("KH"), the controlling stockholder of
Kaival Brands Innovations Group, Inc. (the "Company"), an entity owned and
controlled by Mr. Nirajkumar Patel and Mr. Eric Mosser, adopted a stock trading
plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). Pursuant to Rule 10b5-1 of the Exchange Act,
certain individuals and entities who are not in possession of material,
non-public information may adopt a pre-arranged plan or contract for the sale of
securities under specified conditions and at specified times. Using these Rule
10b5-1 plans, these individuals and entities can gradually diversity their
investment portfolios by selling shares over an extended period of time to
reduce market impact and avoid concerns about transactions occurring at a time
when they might possess material, non-public information. KH's plan provides for
the sale of up to 6,000,000 shares. Shares may be sold under the plan on the
open market at prevailing market prices and subject to minimum price thresholds
specified in the plan.
Transfers under the Rule 10b5-1 plan will be reported to the Securities and
Exchange Commission in accordance with applicable securities laws, rules, and
regulations. The Company does not undertake to report Rule 10b5-1 plans that may
be adopted by any officers or directors in the future, or to report any
modifications or termination of any publicly announced trading plan, except to
the extent required by law.
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KAIVAL BRANDS INNOVATIONS GROUP, INC. 
