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

Reporting relationship: Director
Issuer ticker: VLCN
Reported as of: 17 Jul 2025
Net transaction value: +$300,000
SEC form: 4
Accepted by SEC: 21 Jul 2025, 21:49:12 UTC
Prior SEC filing: 23 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Ian C. Read

Key filing fact

Ian C. Read filed Form 4 for Volcon, Inc. (VLCN) on 21 Jul 2025.

Key facts

This page summarizes Ian C. Read's Form 4 filing for Volcon, Inc. (VLCN).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Jul 2025, 21:49.

Change

Previous filing in this sequence was filed on 23 Mar 2022.
Current net transaction value: +$300,000.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001372915 Primary reporting owner

READ IAN C

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VLCN transaction

Common Stock

Award

Transaction value: $300,000
Shares: +30,000
Change %
Price: $10.00
Shares after: 30,000
Date: 21 Jul 2025
Ownership: See Footnote
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VLCN transaction Derivative

Stock options (right to buy)

Award

Transaction value
Shares: +298,802
Change %
Price
Shares after: 298,802
Date: 17 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 298,802
Exercise price: $10.00
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 3 footnotes

Footnote 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.

Footnote 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.

Footnote 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.