4//SEC Filing
READ IAN C 4
Accession 0001683168-25-005265
CIK 0001829794other
Filed
Jul 20, 8:00 PM ET
Accepted
Jul 21, 9:49 PM ET
Size
8.0 KB
Accession
0001683168-25-005265
Insider Transaction Report
Form 4
Volcon, Inc.VLCN
READ IAN C
Director
Transactions
- Award
Stock options (right to buy)
2025-07-17+298,802→ 298,802 totalExercise: $10.00Exp: 2035-07-17→ Common Stock (298,802 underlying) - Award
Common Stock
2025-07-21$10.00/sh+30,000$300,000→ 30,000 total(indirect: See Footnote)
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 shares of common stock were purchased by the Ian Charles Read Revocable Trust the ("Trust"). The Reporting Person is the trustee of the trust and may be deemed to have sole voting and dispositive power over the shares held by the Trust. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [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 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.
Documents
Issuer
Volcon, Inc.
CIK 0001829794
Entity typeother
Related Parties
1- filerCIK 0001372915
Filing Metadata
- Form type
- 4
- Filed
- Jul 20, 8:00 PM ET
- Accepted
- Jul 21, 9:49 PM ET
- Size
- 8.0 KB