Sabby Management, Llc - Aug 1, 2024 Form 3 Insider Report for Volcon, Inc. (VLCN)

Role
10%+ Owner
Signature
/s/ Robert Grundstein, COO and General Counsel of Sabby Management, LLC
Stock symbol
VLCN
Transactions as of
Aug 1, 2024
Transactions value $
$0
Form type
3
Date filed
8/6/2024, 12:45 PM
Next filing
Aug 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VLCN Common Stock 478K Aug 1, 2024 See Footnotes F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VLCN Pre-Funded Warrant $0.00001 Strike Aug 1, 2024 Common Stock 657K $0.00 See Footnotes F1, F2, F3
holding VLCN Warrant $29.00 Strike Aug 1, 2024 Common Stock 44.5K $29.00 See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 3 is being filed by Sabby Volatility Warrant Master Fund, Ltd. ("SVWMF"), Sabby Management, LLC ("Advisor") and Hal Mintz. Advisor is the investment manager of SVWMF. Mr. Mintz is the manager of Advisor.
F2 The amount reported herein reflects the entire amount of Issuer's securities held by SVWMF as of August 1, 2024. Each of Advisor and Mr. Mintz disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16"), beneficial ownership of such securities, except to the extent of its/his indirect pecuniary interest therein, and this report shall not be deemed an admission that either Advisor or Mr. Mintz is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F3 The exercise of this security into shares is subject to a blocker, and the holder is not allowed to exercise this security into shares if as a result of such exercise holder (in the aggregate with its affiliates) would own in excess of 4.99% of the outstanding shares (9.99% of the outstanding shares in the case of the Pre-Funded Warrant). As holder (in the aggregate with its affiliates) currently owns more than 9.99% of the outstanding shares, this security is not currently eligible for exercise into shares.