$ Value
$300K
Shares
30,000
Price
$10
Filed
Jul 21
Insider
Name
READ IAN C
Title
—
CIK
0001372915
Roles
Transaction Details
Transaction Date
2025-07-21
Code
A
Table
Non-Derivative
Ownership
Indirect
Equity Swap
No
Shares After
30,000
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
Other Insiders at VLCN (90d)
| Insider | Bought | Sold | Last |
|---|---|---|---|
| ATG Capital Opportunities Fund LP | $5.3M | — | 2026-02-03 |
| ATG Capital Management LP | $5.3M | — | 2026-02-03 |
| Foster Jonathan P. | — | — | 2026-02-18 |
|
Endo Greg
Chief Executive Officer
|
— | — | 2026-02-18 |
|
Kim Kyoung John
Co-Chief Executive Officer
|
— | — | 2026-02-19 |