Vertical Data Inc: director David Hackett exercised 187,500 shares

What happened The Form 4 reports that David Hackett, a director, exercised options to acquire 187,500 shares at an exercise price of $0.05 per share on Jan 23, 2026, for a total cash payment of $9,375. This filing is an amendment to the Form 4 filed Mar 26, 2026.

Key details

• Transaction date and price: Jan 23, 2026; exercised options at $0.05 per share; total $9,375. (Transaction code M = option exercise.)
• Shares acquired: 187,500 shares.
• Shares owned after the transaction: reported as unchanged from the original Form 4 (the amended filing does not restate the total beneficial ownership number).
• Footnote F1: Amendment No. 1 corrects the exercise price from $0.50 (reported on the original Form 4) to $0.05 as set forth in the applicable Stock Option Notice; the number of shares acquired and shares beneficially owned following the transaction are unchanged.
• Filing timing: Amendment filed Oct 9, 2026; original Form 4 was filed Mar 26, 2026.

Why it may matter The filing shows an option exercise; it does not indicate a contemporaneous sale or a cashless exercise. A filing does not show why the insider traded or why the company acted.