Key facts
- This page summarizes SABBY MANAGEMENT, LLC's Form 4 filing for Volcon, Inc. (VLCN).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 17 Oct 2024, 12:18.
SABBY MANAGEMENT, LLC - 15 Oct 2024 Form 4 Insider Report for Volcon, Inc. (VLCN)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- VLCN
- Reported as of
- 15 Oct 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 17 Oct 2024, 12:18:14 UTC
- Prior SEC filing
- 03 Sep 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robert Grundstein, COO and General Counsel of Sabby Management, LLC
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
SABBY MANAGEMENT, LLC filed Form 4 for Volcon, Inc. (VLCN) on 17 Oct 2024.
Change
- Previous filing in this sequence was filed on 03 Sep 2024.
- Current net transaction value: $0.
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
Other
- Transaction value
- Shares
- -774,569
- Change %
- -63%
- Price
- Shares after
- 448,273
- Date
- 15 Oct 2024
- Ownership
- See Footnotes
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VLCN
transaction
Derivative
Prefunded Warrant (Right to Buy)
Other
- Transaction value
- Shares
- +774,569
- Change %
- Price
- Shares after
- 774,569
- Date
- 15 Oct 2024
- Ownership
- See Footnotes
- Underlying class
- Common Stock
- Underlying amount
- 774,569
- Exercise price
- $0.000000
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
SABBY MANAGEMENT, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Sabby Volatility Warrant Master Fund, Ltd. (SVWMF) entered into a Securities Exchange Agreement with the Issuer pursuant to which SVWMF exchanged, on a 1:1 basis, 774,569 shares of the Issuer's Common Stock for an equal number of prefunded warrants, each to purchase one share of the Issuer's Common Stock at an exercise price of $0.00001 per share (each a "Pre-Funded Warrant").
Footnote F2
This Form 4 is being filed by SVWMF, Sabby Management, LLC (Advisor) and Hal Mintz. Advisor is investment manager to SVWMF. Mr. Mintz is manager of Advisor.
Footnote F3
The amounts reported herein represent the entire amount of Issuer's common stock held by SVWMF as of each transaction date. Each of Advisor and Mr. Mintz disclaims for purposes of Section 16 of the Securities and Exchange Act of 1934 (Section 16), beneficial ownership of such securities, except to the extent of its / his pecuniary interest therein, and this report shall not be deemed as an admission that either Advisor or Mr. Mintz is the beneficial owner of such securities for purposes of Section 16 or otherwise.
Footnote F4
The Pre-Funded Warrants have no expiration date and are exercisable immediately. Notwithstanding the foregoing, the Reporting Persons shall not be entitled to exercise the Pre-Funded Warrants if it would cause the aggregate number of shares of Common Stock beneficially owned by the Reporting Persons, their affiliates and any persons who are members of a Section 13(d) group with the Reporting Persons or their affiliates to exceed 9.99% of the total number of issued and outstanding shares of Common Stock of the Issuer following such exercise.