Director Brett S 4
4 · Volcon, Inc. · Filed Jul 30, 2025
Insider Transaction Report
Form 4
Volcon, Inc.VLCN
Director Brett S
VP of Legal
Transactions
- Award
Common Stock
2025-07-21$10.00/sh+10,000$100,000→ 10,000 total - Award
Stock options (right to buy)
2025-07-17+298,802→ 298,802 totalExercise: $10.00Exp: 2035-07-17→ Common Stock (298,802 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.