Envirotech Vehicles, Inc.

We have opted to comply with the executive compensation disclosure rules applicable to “smaller reporting companies,” as such term is defined in the rules promulgated under the Securities Act. The following tables and accompanying narrative disclosure set forth information about the compensation provided to certain of our executive officers during the years ended* December 31, 2025and2024*. These executive officers, determined in accordance with SEC rules, for the year ended* December 31, 2025*, were:

We refer to these individuals in this section as our “Named Executive Officers.”

Summary Compensation Table

The following table presents summary information regarding the total compensation that was awarded to, earned by or paid to our Named Executive Officers for services rendered during the years ended* December 31, 2025and2024*:

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Outstanding Equity Awards at2025 Fiscal Year-End

The following table sets forth information regarding outstanding stock options held by our Named Executive Officers as of* December 31, 2025*. Our Named Executive Officers didnot hold any restricted stock or other equity awards as of* December 31, 2025*:

Compensation Arrangements with Named Executive Officers

Phillip W. Oldridge

Mr. Oldridge is our Chief Executive Officer and chairman of our board of directors. We entered into an employment agreement with Mr. Oldridge, dated as of* December 31, 2021 (the “Oldridge Agreement”). Mr. Oldridge’s base salary is$300,000.* The auto allowance of*$1,500* per month contained in his contract commenced being paid in2022. Under the Oldridge Agreement, Mr. Oldridge will also receive an amount equal tofive percent of the net income of the Company on an annual basis and will be eligible for a bonus at the sole discretion of the Company’s Board of Directors. Mr. Oldridge’s employment shall continue until terminated in accordance with the Oldridge Agreement. If Mr. Oldridge is terminated without cause or if he terminates his employment for good reason, Mr. Oldridge will be entitled to receive (i)one-year of base salary payable in equal installments over12 months in accordance with the Company’s regular payroll practices, (ii) reimbursement of reimbursable expenses in accordance with the Oldridge Agreement, (iii) any bonus that would have been payable within thetwelve months following the date of termination, and (iv) the value of any accrued and unused paid time off as of the date of termination. The foregoing benefits are subject to Mr. Oldridge executing and delivering an effective and irrevocable general release of claims in favor of the Company. In addition, upon a termination of Mr. Oldridge’s employment with the Company due to death or disability, all outstanding, unvested options will accelerate and vest in full.

For purposes of the Oldridge Agreement “cause” generally means Mr. Oldridge’s (i) conviction of a felony, or a misdemeanor where imprisonment is imposed; (ii) commission of any act of theft, fraud, or falsification of any employment or Company records in any material way; (iii) failure or inability to perform any material reasonably assigned duties after written notice from the Company of, and a reasonable opportunity to cure, such failure or inability; or (iv) a material breach of the Oldridge Agreement that remains uncured for10 days.

For purposes of the Oldridge Agreement “good reason” generally means the occurrence of any of the following: (i) a material reduction in Mr. Oldridge’s base salary, other than where a same or similar reduction affects other executives of the Company; (ii) any material breach by the Company under any material provision of the Oldridge Agreement; (iii) the Company’s failure to have the Oldridge Agreement assumed by a successor (with limited exceptions); or (iv) the dissolution of Company, involuntary or voluntary liquidation of Company, the appointment of a receiver for Company, or the assignment of the Oldridge Agreement for the benefit of creditors.

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Severance and Change in Control Payments and Benefits

Our Named Executive Officers arenot entitled to any severance or change in control payments or benefits, other than as described in the section entitled “Compensation Arrangements with Named Executive Officers” above and in award agreements that set forth the terms and conditions of the stock options granted to such individuals pursuant to the2017 Plan. Each such award agreement provides that, in the event of a “transfer of control,” any unvested portion of such option* mayvest immediately, subject to the Compensation Committee deciding that. For such purposes, a “transfer of control” includes the direct or indirect sale or exchange by our stockholders of all or substantially all of our capital stock, (a) where our stockholders before such sale or exchange donot* retain, directly or indirectly, at least a majority of the beneficial interest in our voting stock after such sale or exchange; (b) a merger in which we arenot the surviving corporation; (c) a merger in which we are the surviving corporation and our stockholders before such merger donot retain, directly or indirectly, at least a majority of the beneficial interest in our voting stock after such merger; (d) the sale, exchange, or transfer of all or substantially all of our assets; or (e) our liquidation or dissolution.

Employee Benefit and Equity Incentive Plans

We currently maintain the2017 Plan. The Compensation Committee typically grants equity awards to NEOs during its regularly scheduled meeting early in the fiscal year. However, the timing of this approval* maybe changed in the event of extraordinary circumstances, including in connection with mid-year promotions and new-hires. The Compensation Committee doesnot* take material nonpublic information into account when determining the timing and terms of equity awards. The Compensation Committee doesnot time the release of material nonpublic information to affect the value of executive compensation.

Non-Employee Director Compensation

Directors who are also our employees receiveno additional compensation for their service as a director. During the year ended* December 31, 2025*, our directors who also served as employees were Mr. Oldridge, our Chief Executive Officer, and Mr. Maddox, President and Interim Chief Financial Officer. Their compensation is addressed above under “Executive Compensation."

We have a formal policy pursuant to which our non-employee directors are eligible to receive equity awards and annual cash retainers as compensation for service on our Board and committees of our Board. In2023 the Compensation Committee worked with athird party consulting firm in evaluating compensation programs among peers to inform the development of compensation for the Board of Directors. The results of this compensation review led the Committee to approve the following annual compensation for Directors and committee Chairs:

Board Retainer:$31,000

Audit Committee Chair:$12,300

Compensation Committee Chair:$9,600

Nominating and Corporate Governance Committee Chair:$8,000

Reimbursement for all directors reasonable expenses incurred during the course of their performance.

The table below sets forth the compensation earned by each of our non-employee directors during the fiscal year* December 31, 2025*:

2025 Director Compensation Table

(1) On* November 12, 2025,Melissa Barcellos informed the Company that she wouldnot* stand for re-election to the Board upon expiration of her current term as a Class II director effective as of the Company’s2025 Annual Meeting of Stockholders held on* February 3, 2026.*

On* March 10, 2025,each non-employee director received20,000* options (grant date fair value of*$27,514*). Of this amount,10,000 of these options vested immediately while the remaining10,000 options vested on theone-year anniversary of the grant date. As of* December 31, 2025,*the following options were outstanding and held by each non-employee director:

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