What changed in this filing

/stocks — the workspaceLOADING

Item 5. Market for Registrant’s Common Equity

2024-03-27 compared with 2023-03-30 · 32 added, 19 removed, 93 unchanged (35% of the section changed)

15 unchanged sentences

trust companies.

On May 13, 2021, the Company effected a forty-thousand

(40,000)-for-one stock split to the shareholders of record as of May 13, 2021.

The stock split was in the form of a common stock

dividend of 3,999,900 new shares and all share and per share information has been retroactively adjusted to reflect the stock split.

On May 13, 2021, the Company effected a forty

thousand (40,000)-for-one stock split to the shareholders of record as of May 13, 2021.

The stock split was in the form of a

common stock dividend of 3,999,900 new shares and all share and per share information has been retroactively adjusted to reflect the

Dividend Policy

60 unchanged sentences

Equity Compensation Plan Information

On April 8, 2021, our board of directors and our stockholders

approved the Twin Vee PowerCats Co.

On April 8, 2021, our board of directors and our stockholders approved the

Twin Vee PowerCats Co.

2021 Stock Incentive Plan, as amended and restated on June 1, 2021 (the “2021 Plan”).

The following table provides information, as of December 31, 2022 with respect to options outstanding under the 2021 Plan.

The following

table provides information, as of December 31, 2023 with respect to options outstanding under the 2021 Plan.

Plan Category

Number of Securities

Equity Compensation Plan Options*

Equity Compensation Plan Options

Available for

Number of Securities to be Issued upon

Exercise of Outstanding Equity Compensation Plan Options*

Weighted- Average Exercise Price

of Outstanding Equity Compensation Plan Options

Number of Securities Remaining Available

for Future Issuance Under Equity Compensation Plans (excluding securities reflected in the first column) (1)

Equity compensation plans approved by security holders

Equity compensation plans not approved by security holders

(1) The maximum number of shares of common stock that may be issued under

the 2021 Plan will automatically increase on January 1 of each calendar year for a period of ten years commencing on January 1, 2022 and

ending on (and including) January 1, 2031, in a number of shares of common stock equal to 4.5% of the total number of shares of common

stock outstanding on December 31 of the preceding calendar year;

provided, however that the board of directors may act prior to January

1 of a given calendar year to provide that the increase for such year will be a lesser number of shares of common stock.

2021 Stock Incentive Plan

7 unchanged sentences

Plan Category

Number of Securities

Equity Compensation Plan Options*

Equity Compensation Plan Options

Available for

Number of Securities to be Issued upon

Exercise of Outstanding Equity Compensation Plan Options*

Weighted- Average Exercise Price

of Outstanding Equity Compensation Plan Options

Number of Securities Remaining Available

for Future Issuance Under Equity Compensation Plans (excluding securities reflected in the first column) (1)

Equity compensation plans approved by security holders

Equity compensation plans not approved by security holders

2022 Stock Incentive Plan

See “Executive Compensation and Director Compensation—Employee

Benefit and Stock Plans—2022 Stock Incentive Plan” in Part III, Item 10 for a description of the Forza X1, Inc.

Incentive Plan.

(1) The maximum number of shares of common stock that may be issued under

the 2022 Plan will automatically increase on January 1 of each calendar year for a period of ten years commencing on January 1, 2024 and

ending on (and including) January 1, 2033, in a number of shares of common stock equal to 4.5% of the total number of shares of common

stock outstanding on December 31 of the preceding calendar year;

provided, however that the board of directors may act prior to January

1 of a given calendar year to provide that the increase for such year will be a lesser number of shares of common stock.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity