Conviction
$ Value
$400K
Shares
94,311
Price
$4
Filed
Nov 25
▶ Why this score? (10/10)
- ✓ Open market buy (+3)
- ✓ Trade value >= $250K (+1)
- ✓ % of holdings >= 50% (+3)
- ✓ C-suite insider (+2)
- ✓ Director (+1)
- ✓ Cluster: 5 insiders buying (+2)
- ✓ Not a 10b5-1 plan (+1)
Insider
Name
Rieger Jayson
Title
CEO and President
CIK
0002043558
Roles
Transaction Details
Transaction Date
2025-11-25
Code
P
Table
Non-Derivative
Ownership
Direct
Equity Swap
No
Shares After
182,593
Footnotes
Effective July 24, 2025, the Issuer effected a 1-for-10 reverse stock split of the Issuer's common stock. The number of securities reported herein have been adjusted to reflect the reverse stock split. | These shares are held in separate trusts for the benefit of the Reporting Person's immediate family members. The Reporting Person is a co-trustee of each trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. | Immediately exercisable. | The reported securities are included within 94,311 investment units purchased by the Reporting Person for $4.2425 per investment unit. Each investment unit consists of one share of Common Stock and a Series C warrant for one fourth of a share of common stock. The Reporting Person will not be entitled to exercise any portion of a Series C Warrant that, upon giving effect to such exercise, would cause the aggregate number of shares beneficially owned by the Reporting Person to exceed 9.99% of the number of shares of the Issuer's common stock outstanding immediately after giving effect to the exercise.
Filing Info
Other Insiders at VRCA (90d)
No other insider activity at this issuer in the last 90 days.