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$ Value

$25.0M

Shares

2,500,000

Price

$10

Filed

Jul 21

Insider

Name

Lane Ryan M.

Title

Co-Chief Executive Officer

CIK

0002012055

Roles

Director Officer

Transaction Details

Transaction Date

2025-07-21

Code

A

Table

Non-Derivative

Ownership

Indirect

Equity Swap

No

Shares After

2,526,594

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 each of Empery Asset Master, LTD, Empery Tax Efficient, LP and Empery Tax Efficient III, LP (collectively the "Empery Purchasers") in in the Issuer's recently announced private placement with certain accredited and institutional investors, which closed on July 21, 2025. | Empery Asset Management, LP (the "Investment Manager"), serves as the investment manager to each of the Empery Purchasers and certain other funds holding shares of the Issuer's common stock (collectively, the "Empery Funds"). The Reporting Person is a Managing Member of Empery AM GP, LLC (the "General Partner"), the general partner of the Investment Manager. The Investment Manager may be deemed to be the beneficial owner of all of the common stock held by the Empery Funds. The Reporting Person, as Managing Member of the General Partner of the Investment Manager with the power to exercise investment discretion, may be deemed to be the beneficial owner of all of the common stock held by the Empery Funds. The Reporting Person is the Issuer's Co-Chief Executive Officer and Chairman of its board of directors. 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. | The stock options were issued by the Issuer in connection with the Reporting Person's employment service as Co-Chief Executive Officer and chairman of the board of directors of the Issuer on July 17, 2025. All vesting is subject to the approval by the Issuer's stockholders of a new stock option plan.

Filing Info

Accession No.

0001683168-25-005267

Form Type

4

Issuer CIK

0001829794

Lane Ryan M.'s History

Date Ticker Type Value
2025-12-15 EMPD A $425K
2025-12-12 EMPD A $437K
2025-12-11 EMPD A $301K
2025-12-08 EMPD A $238K
2025-12-05 EMPD A $237K
2025-12-04 EMPD A $253K
2025-07-21 VLCN A $1.0M
2025-07-21 VLCN A $25.0M
2025-07-17 VLCN A

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