Ian C. Read - 17 Jul 2025 Form 4 Insider Report for Volcon, Inc. (VLCN)

Role
Director
Signature
/s/ Ian C. Read
Issuer symbol
VLCN
Transactions as of
17 Jul 2025
Net transactions value
+$300,000
Form type
4
Filing time
21 Jul 2025, 21:49:12 UTC
Previous filing
23 Mar 2022
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
READ IAN C Director C/O VOLCON, INC., 3121 EAGLES NEST STREET, SUITE 120, ROUND ROCK /s/ Ian C. Read 21 Jul 2025 0001372915

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLCN Common Stock Award $300,000 +30,000 $10.00 30,000 21 Jul 2025 See Footnote 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
transaction VLCN Stock options (right to buy) Award +298,802 298,802 17 Jul 2025 Common Stock 298,802 $10.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.