4//SEC Filing
Silver Timothy J. 4
Accession 0001683168-25-005498
CIK 0001829794other
Filed
Jul 28, 8:00 PM ET
Accepted
Jul 29, 9:29 PM ET
Size
7.6 KB
Accession
0001683168-25-005498
Insider Transaction Report
Form 4
Volcon, Inc.VCLN
Silver Timothy J.
Chief Operating Officer
Transactions
- Award
Common Stock
2025-07-21$10.00/sh+2,500$25,000→ 2,500 total - Award
Stock options (right to buy)
2025-07-17+597,604→ 597,604 totalExercise: $10.00Exp: 2035-07-17→ Common Stock (597,604 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 0002079068
Filing Metadata
- Form type
- 4
- Filed
- Jul 28, 8:00 PM ET
- Accepted
- Jul 29, 9:29 PM ET
- Size
- 7.6 KB