NeoVolta Inc. executive vice president and director Steve Bond reported an open-market purchase of 47,000 shares of the company’s common stock at an average price of $2.0879 per share. Following this transaction, he directly holds 797,000 shares, indicating he increased but largely maintained his existing position.
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.
NeoVolta Inc. filed an initial ownership report for Nealis Jing, who serves as Chief Financial Officer. This Form 3 identifies Jing as an executive officer and establishes their status as an insider for future reporting of any trades or changes in ownership of NeoVolta stock.
NeoVolta reported third-quarter fiscal 2026 results and detailed major strategic steps. Revenue for Q3 FY2026 was $2.0 million, flat with Q3 FY2025, while nine‑month revenue rose to $13.3 million, up about 262% from $3.7 million. Gross profit was approximately $0.9 million with ~46% gross margin, versus $0.5 million and ~26% a year earlier.
Total operating expenses increased to about $3.6 million from $1.9 million, and net loss widened to $3.0 million, or $(0.08) per share, from $1.4 million, or $(0.04) per share, reflecting heavier investment in people, R&D and platform build‑out. As of March 31, 2026, cash was roughly $11.5 million, supplemented by a new $3.0 million revolving credit facility.
Strategically, NeoVolta received a first C&I purchase order from Luminia of about $1.9 million, increased its NeoVolta Power joint venture ownership to 80%, and confirmed Georgia plant equipment installation targeted for June 2026 with an initial 2 GWh annual capacity. The company also appointed seasoned finance executive Jing Nealis as Chief Financial Officer with a $425,000 base salary, a 1,000,000‑share RSU grant and performance‑based equity tied to customer payments thresholds.
NeoVolta, Inc. updated the structure of its NeoVolta Power, LLC joint venture and entered several new agreements tied to a planned U.S. battery energy storage manufacturing facility in Georgia. An amended and restated operating agreement removes NPJV Manager LLC as a member, increases authorized Class A Units from 60 to 80 for NeoVolta, and reduces Class B Units from 40 to 20, now all issuable to Can Current Corporation. Board size is cut from five to three managers, all designated by NeoVolta, while Can Current may appoint up to two non‑voting observers.
NeoVolta Power and Can Current signed an Asset Purchase Agreement for manufacturing equipment with a $9,000,000 price, payable in milestones of $2,000,000 upon shipment, $3,000,000 upon delivery, and $4,000,000 upon commissioning, plus certain excess U.S. tariffs and related import expenses. Separately, NeoVolta entered a Management Services Agreement with PotiSedge Technology Pte Ltd. under which PotiSedge will provide sales and marketing coordination services for NeoVolta’s commercial and industrial battery storage business in exchange for a 1,200,000‑share stock grant vesting in four semi‑annual installments, subject to forfeiture or accelerated vesting depending on termination circumstances.
NeoVolta, Inc. entered into a Sales Agreement with Needham & Company that establishes an at-the-market equity program allowing the company to sell shares of common stock with an aggregate offering price of up to $30,000,000 under its existing Form S-3 shelf registration.
The sales, if made, will occur from time to time through Needham as sales agent, with Needham earning a 3.0% commission on gross proceeds. NeoVolta plans to use any net proceeds for working capital and general corporate purposes, and is not obligated to sell any shares.
The filing also reports that the Board appointed Steve Bond as Executive Vice President effective March 26, 2026 and approved an amendment to his employment agreement, with his service as Chief Financial Officer scheduled to end on May 18, 2026.
NeoVolta, Inc. is offering, pursuant to a Sales Agreement with Needham & Company, LLC, up to $30.0 million of common stock in an at-the-market program that permits sales from time to time through Needham as sales agent. Sales are subject to mutually agreed terms, market conditions and the Company’s placement notices to Needham. Needham will receive a 3.0% commission on gross proceeds and may be deemed an underwriter. The prospectus supplement states the Company may use net proceeds for working capital and general corporate purposes. The offering is made under a shelf registration statement on Form S-3 and assumes no exercise of outstanding warrants, options or RSUs unless otherwise indicated.
NeoVolta Inc. Chief Operating Officer Amany Ibrahim exercised 37,500 restricted stock units into 37,500 shares of common stock at a $0.00 exercise price, reflecting equity compensation rather than a market purchase. Following the transaction, Ibrahim directly holds 37,500 common shares and 412,500 restricted stock units.
The 412,500 remaining restricted stock units come from a 450,000-unit award granted on October 1, 2025, which vests in twelve equal quarterly installments over three years, contingent on continued service with the company. The filing reports no share sales.
NeoVolta Inc. Chief Technology Officer Thomas Enzendorfer exercised restricted stock units into common shares as part of his compensation. On March 19, 2026, 37,500 restricted stock units converted into 37,500 shares of common stock at a price of $0.00 per share. These units are from a 450,000-share award granted on October 1, 2025 that vests in twelve equal quarterly installments over three years, subject to continued service.
NeoVolta, Inc. ownership disclosure: Infinite Grid Capital, LP and Infinite Grid Capital Fund I, LP report beneficial ownership of 4,000,000 shares of NeoVolta common stock as of the Event Date February 5, 2026. The filing states those 4,000,000 shares are held directly by Fund I, representing 9.4% of the outstanding common stock based on 42,296,525 shares outstanding as of January 22, 2026.
The report names Infinite Grid Capital as investment manager to Fund I and lists sole voting and dispositive power over the 4,000,000 shares. The filing is signed on March 20, 2026 and includes a joint filing agreement between the two filers.