Key facts
- This page summarizes Adrian James's Form 4 filing for Volcon, Inc. (VLCN).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 22 Dec 2021, 08:00.
Adrian James - 20 Dec 2021 Form 4 Insider Report for Volcon, Inc. (VLCN)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- VLCN
- Reported as of
- 20 Dec 2021
- Net transaction value
- +$40,544
- SEC form
- 4
- Accepted by SEC
- 22 Dec 2021, 08:00:07 UTC
- Prior SEC filing
- 14 Dec 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Adrian James
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Adrian James filed Form 4 for Volcon, Inc. (VLCN) on 22 Dec 2021.
Change
- Previous filing in this sequence was filed on 14 Dec 2021.
- Current net transaction value: +$40,544.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VLCN
transaction
Common Stock
Purchase
- Transaction value
- $40,544
- Shares
- +5,600
- Change %
- +0.45%
- Price
- $7.24*
- Shares after
- 1,237,000
- Date
- 20 Dec 2021
- Ownership
- Footnote
- Footnotes
- F1, F2
VLCN
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +5,507,575
- Change %
- +445%
- Price
- Shares after
- 6,744,575
- Date
- 20 Dec 2021
- Ownership
- Footnote
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VLCN
transaction
Derivative
Warrant (right to buy)
Options Exercise
- Transaction value
- Shares
- -6,250,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 20 Dec 2021
- Ownership
- Footnote
- Underlying class
- Common Stock
- Underlying amount
- 6,250,000
- Exercise price
- $0.9800
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
This transaction was executed in multiple trades at prices ranging from $7.21 to $7.33. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
Footnote F2
The shares are held by limited liability companies of which the reporting person is the sole manager.
Footnote F3
The warrant was held by Highbridge Consultants, LLC and was originally issued for consulting services in August 2020. Mr. Adrian James is the sole manager of Highbridge Consultants, LLC and has voting and dispositive power over the securities. On December 20, 2021, Highbridge Consultants, LLC exercised the 6,250,000 warrants on a cashless basis pursuant to the terms of the warrant agreement. The issuance of the warrant was exempted pursuant to Rule 16b-3 of the Securities Exchange Act of 1934, as amended.
Footnote F4
The number of shares issuable upon a cashless exercise is determined, in accordance with Section 2(c) of the warrant agreement by dividing (x) the product of the number of shares of common stock underlying the warrant multiplied by the difference between $0.98 and (y) the VWAP on the trading day immediately preceding the date of exercise since the notice of exercise was both executed and delivered prior to the opening of "regular trading hours" (as defined in Rule 600(b)(64) of Regulation NMS promulgated under the federal securities laws) on the date of the exercise.