NeoVolta (NEOV) CFO awarded 1,025,000 time- and performance-based RSUs

Rhea-AI Filing Summary

Nealis Jing reported acquisition or exercise transactions in this Form 4 filing.

NeoVolta Inc. reported that Chief Financial Officer Nealis Jing received two grants of restricted stock units as part of employment compensation. The awards cover 25,000 and 1,000,000 restricted stock units, each representing a right to receive one share of common stock at no purchase price.

The 25,000-unit grant vests 33% on the one-year anniversary of the grant date, with the remaining 67% vesting in eight quarterly installments, contingent on continued service. The 1,000,000-unit grant vests upon the successful completion of specified financial metrics and continued service, aligning a substantial portion of the CFO’s potential equity with performance outcomes.

Insights

Equity compensation analyst

CFO receives substantial time- and performance-based RSU package.

NeoVolta granted Chief Financial Officer Nealis Jing 25,000 and 1,000,000 restricted stock units at a zero exercise price, structured as employment-related equity incentives. Each unit converts into one share of common stock if vesting conditions are met.

One grant vests over time, with 33% after one year and the balance in eight quarterly installments, encouraging retention. The larger 1,000,000-unit grant vests only upon achieving specified financial metrics, tying a significant potential equity award to company performance as described, while actual impact depends on future results and continued service.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Nealis Jing

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,000,000	$0.00	--
Grant/Award	Restricted Stock Units	25,000	$0.00	--

Holdings After Transaction: Restricted Stock Units — 1,000,000 shares (Direct, null)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one shares of Company common stock. The restricted stock units vest as follows: (i) 33% on the one-year anniversary of the Transaction Date; and (ii) the remaining 67% in eight quarterly installments thereafter, subject to the grantee's continued service to the Company on each vesting date. Issued in connection with the reporting person's employment with the Company. The restricted stock units vest upon the successful completion of certain financial metrics, subject to the grantee's continued service to the Company on the vesting date.

Key Figures

Time-based RSU grant: 25,000 units Performance-based RSU grant: 1,000,000 units Post-grant RSU balance (time-based grant): 25,000 units +2 more

5 metrics

Time-based RSU grant 25,000 units Restricted stock units granted to CFO on May 18, 2026

Performance-based RSU grant 1,000,000 units Restricted stock units vesting on financial metrics completion

Post-grant RSU balance (time-based grant) 25,000 units Total restricted stock units following transaction for 25,000-unit grant

Post-grant RSU balance (performance grant) 1,000,000 units Total restricted stock units following transaction for 1,000,000-unit grant

Exercise price per RSU $0.00 No cash exercise price on either restricted stock unit grant

Key Terms

Restricted Stock Units, contingent right, vest, financial metrics, +1 more

5 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one shares of Company common stock."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one shares of Company common stock."

vest financial

"The restricted stock units vest as follows: (i) 33% on the one-year anniversary of the Transaction Date; and (ii) the remaining 67% in eight quarterly installments thereafter"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

financial metrics financial

"The restricted stock units vest upon the successful completion of certain financial metrics, subject to the grantee's continued service to the Company on the vesting date."

continued service financial

"subject to the grantee's continued service to the Company on each vesting date."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Nealis Jing

(Last) (First) (Middle)

C/O NEOVOLTA, INC.

12195 DEARBORN PLACE

(Street)

POWAY CALIFORNIA 048542

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NeoVolta Inc. [ NEOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	05/18/2026		A		1,000,000		(2)	(2)	Common Stock	1,000,000	(3)	1,000,000	D
Restricted Stock Units	(1)	05/18/2026		A		25,000		(4)	(4)	Common Stock	25,000	(3)	25,000	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one shares of Company common stock.

2. The restricted stock units vest as follows: (i) 33% on the one-year anniversary of the Transaction Date; and (ii) the remaining 67% in eight quarterly installments thereafter, subject to the grantee's continued service to the Company on each vesting date.

3. Issued in connection with the reporting person's employment with the Company.

4. The restricted stock units vest upon the successful completion of certain financial metrics, subject to the grantee's continued service to the Company on the vesting date.

	/s/ Jing Nealis	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What equity awards did NeoVolta (NEOV) grant to its CFO Nealis Jing?

NeoVolta granted CFO Nealis Jing two restricted stock unit awards: 25,000 units and 1,000,000 units. Each restricted stock unit represents a contingent right to receive one share of NeoVolta common stock if the applicable vesting conditions are satisfied.

How do the 25,000 NeoVolta (NEOV) restricted stock units vest for the CFO?

The 25,000 restricted stock units vest 33% on the one-year anniversary of the grant date. The remaining 67% then vest in eight quarterly installments, provided the CFO continues serving NeoVolta on each scheduled vesting date.

What conditions apply to the 1,000,000 performance-based RSUs at NeoVolta (NEOV)?

The 1,000,000 restricted stock units vest only upon successful completion of certain financial metrics. Vesting is also conditioned on the CFO’s continued service to NeoVolta on the applicable vesting date, directly linking this award to company performance outcomes.

Does NeoVolta’s CFO pay anything for the newly granted restricted stock units?

No cash payment is required for these awards. The restricted stock units were granted at a price of $0.00 per unit, reflecting compensation rather than a market purchase, and convert into common shares only if vesting requirements are met.

What does each NeoVolta (NEOV) restricted stock unit represent for the CFO?

Each restricted stock unit represents a contingent right to receive one share of NeoVolta common stock. The CFO actually receives shares only when the units vest, subject to the specified time-based schedule or achievement of financial performance metrics and continued service.

Are NeoVolta (NEOV) CFO RSU grants time-based, performance-based, or both?

They include both structures. The 25,000-unit grant is primarily time-based, vesting over one year plus quarterly installments. The separate 1,000,000-unit grant is performance-based, vesting upon achievement of certain financial metrics and continued service at NeoVolta.