4//SEC Filing
Kim Kyoung John 4
Accession 0001683168-25-005258
CIK 0001829794other
Filed
Jul 20, 8:00 PM ET
Accepted
Jul 21, 9:45 PM ET
Size
10.4 KB
Accession
0001683168-25-005258
Insider Transaction Report
Form 4
Volcon, Inc.VLCN
Kim Kyoung John
DirectorChief Executive Officer10% Owner
Transactions
- Award
Stock options (right to buy)
2025-07-17+180,375→ 180,375 totalExercise: $10.00From: 2025-05-30Exp: 2035-05-30→ Common Stock (180,375 underlying) - Award
Common Stock
2025-07-21$10.00/sh+22,500$225,000→ 22,500 total - Award
Stock options (right to buy)
2025-07-17+1,494,010→ 1,494,010 totalExercise: $10.00Exp: 2035-07-17→ Common Stock (1,494,010 underlying)
Footnotes (4)
- [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 Reporting Person and the Issuer amended an existing option grant agreement pursuant to which the Reporting Person was granted options to purchase 180,375 shares of common stock of the Issuer (as adjusted for the Issuer's June 11, 2025 one-for-eight reverse stock split) in connection with the Reporting Person's employment service to the Company. The amendment increased the exercise price of such options to $10 per share of common stock.
- [F3]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 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. All vesting is subject to the approval by the Issuer's stockholder of a new stock option plan.
- [F4]The stock options were issued by the Issuer in connection with the Reporting Person's employment service as Co-Chief Executive Officer of the Issuer on July 17, 2025. All vesting is subject to the approval by the Issuer's stockholders of a new stock option plan.
Documents
Issuer
Volcon, Inc.
CIK 0001829794
Entity typeother
Related Parties
1- filerCIK 0001885540
Filing Metadata
- Form type
- 4
- Filed
- Jul 20, 8:00 PM ET
- Accepted
- Jul 21, 9:45 PM ET
- Size
- 10.4 KB