4//SEC Filing
Director Brett S 4
Accession 0001683168-25-005532
CIK 0001829794other
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 9:51 PM ET
Size
7.6 KB
Accession
0001683168-25-005532
Insider Transaction Report
Form 4
Volcon, Inc.VLCN
Director Brett S
VP of Legal
Transactions
- Award
Common Stock
2025-07-21$10.00/sh+10,000$100,000→ 10,000 total - Award
Stock options (right to buy)
2025-07-17+298,802→ 298,802 totalExercise: $10.00Exp: 2035-07-17→ Common Stock (298,802 underlying)
Footnotes (3)
- [F1]The shares of common stock were purchased by the Reporting Person in the Issuer's recently announced private placement with certain accredited and institutional investors, which closed on July 21, 2025.
- [F2]The stock options vest based upon the daily volume weighted average price ("VWAP") of the Issuer's common stock, vesting as to 20% of the underlying shares of common stock upon the VWAP reaching $10 and then in incremental 20% installments until becoming fully vested upon a VWAP of $30.
- [F3]The non-qualified stock options were issued by the Issuer pursuant to an inducement award agreement as a material inducement to the Reporting Person's acceptance of employment with the Issuer in accordance with NASDAQ Listing Rule 5635(c) on July 17, 2025.
Documents
Issuer
Volcon, Inc.
CIK 0001829794
Entity typeother
Related Parties
1- filerCIK 0002079024
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 9:51 PM ET
- Size
- 7.6 KB