Tjon Karin-Joyce 4
4 · Volcon, Inc. · Filed Jul 21, 2025
Insider Transaction Report
Form 4
Volcon, Inc.VLCN
Tjon Karin-Joyce
Director
Transactions
- Award
Common Stock
2025-07-21$10.00/sh+20,000$200,000→ 20,000 total - Award
Stock options (right to buy)
2025-07-17+10,000→ 10,000 totalExercise: $10.00From: 2025-07-17Exp: 2035-07-17→ Common Stock (10,000 underlying)
Footnotes (2)
- [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 were issued by the Issuer in connection with the Reporting Person's service as a director of the Issuer and 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. All vesting is subject to the approval by the Issuer's stockholder of a new stock option plan.