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$ Value

Shares

298,802

Price

Filed

Jul 21

Insider

Name

READ IAN C

Title

CIK

0001372915

Roles

Director

Transaction Details

Transaction Date

2025-07-17

Code

A

Table

Derivative

Ownership

Direct

Equity Swap

No

Shares After

298,802

Footnotes

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. | 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. | 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.

Filing Info

Accession No.

0001683168-25-005265

Form Type

4

Issuer CIK

0001829794

READ IAN C's History

Date Ticker Type Value
2025-07-21 VLCN A $300K
2025-07-17 VLCN A

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Foster Jonathan P. 2026-02-18
Endo Greg
Chief Executive Officer
2026-02-18
Kim Kyoung John
Co-Chief Executive Officer
2026-02-19