Vulcan Infrastructure CEO granted 125,000 RSUs

Kovler Jordan reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Kovler Jordan reported acquisition or exercise transactions in this Form 4 filing.

Vulcan Infrastructure & Power Inc. reported that CEO Jordan Kovler received a grant of 125,000 restricted stock units, each representing a contingent right to one share of Class A Common Stock, as a one-time equity award linked to a strategic investment. The award vests in full on July 23, 2026, and his direct holdings after the grant are 361,127 shares.

Insider Trade Summary

Grant/Award: 125,000 shares

Grant/Award 1 txn

Insider Kovler Jordan

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1	125,000	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 361,127 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units granted as a one-time equity award in recognition of the Reporting Person's contributions to the Issuer's strategic transformation, including the entry into definitive agreements for the strategic investment announced on July 20, 2026, pursuant to the Issuer's Third Amended and Restated 2021 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The award will vest in its entirety on July 23, 2026.

Key Figures

Restricted stock units granted: 125000.0000 shares Direct holdings after grant: 361127.0000 shares Grant date: July 20, 2026 +2 more

5 metrics

Restricted stock units granted 125000.0000 shares Grant of restricted stock units to CEO Jordan Kovler

Direct holdings after grant 361127.0000 shares Class A Common Stock directly held by CEO after transaction

Grant date July 20, 2026 Transaction date for the restricted stock unit award

Vesting date July 23, 2026 Date on which the restricted stock unit award vests in full

Reported transaction price 0.0000 per share Per-share price reported for the equity grant

Key Terms

restricted stock units, strategic transformation, definitive agreements, strategic investment, +1 more

5 terms

restricted stock units financial

"Represents restricted stock units granted as a one-time equity award"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

strategic transformation financial

"in recognition of the Reporting Person's contributions to the Issuer's strategic transformation"

A strategic transformation is a planned, company-wide change in how a business operates, competes, or makes money—such as shifting products, reorganizing teams, adopting new technology, or entering new markets. For investors it matters because these shifts aim to improve long-term growth or profitability but carry risks and costs up front; think of it like remodeling a house to increase its value—potentially higher returns, but with disruption and uncertainty during the work.

definitive agreements financial

"including the entry into definitive agreements for the strategic investment"

Definitive agreements are the final, legally binding contracts that set the exact terms of a corporate deal—such as a merger, acquisition, asset sale, or major financing. They matter to investors because signing them turns rough plans into concrete obligations that determine price, timing, required approvals and what happens if the deal falls through; think of them as the signed purchase contract in a house sale that makes the deal official and enforceable.

strategic investment financial

"definitive agreements for the strategic investment announced on July 20, 2026"

A strategic investment is a long-term commitment made by an investor to support a business or project that aligns with their broader goals or interests. It often involves investing resources, such as money or expertise, to help the recipient grow, with the expectation that both will benefit over time. For investors, it matters because it can create valuable partnerships, foster innovation, and generate sustained returns beyond immediate financial gains.

Equity Incentive Plan financial

"pursuant to the Issuer's Third Amended and Restated 2021 Equity Incentive Plan"

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did GREE CEO Jordan Kovler report?

CEO Jordan Kovler reported acquiring 125,000 restricted stock units of Vulcan Infrastructure & Power Inc. Each unit represents a contingent right to receive one share of Class A Common Stock, granted as a one-time equity award under the company’s Third Amended and Restated 2021 Equity Incentive Plan.

How many shares did the GREE CEO hold after this Form 4 grant?

After the reported grant, Jordan Kovler directly holds 361,127 shares of Class A Common Stock. This figure reflects his position following the award of 125,000 restricted stock units disclosed in the Form 4 filing for Vulcan Infrastructure & Power Inc.

When do Jordan Kovler’s new GREE restricted stock units vest?

The newly granted restricted stock units to Jordan Kovler vest in full on July 23, 2026. Vesting means he becomes entitled to receive one share of Class A Common Stock for each unit, subject to the terms of Vulcan Infrastructure & Power’s 2021 Equity Incentive Plan.

What is the nature of the equity award reported for GREE’s CEO?

The award is described as a one-time equity grant of restricted stock units recognizing Kovler’s contributions to Vulcan Infrastructure & Power’s strategic transformation. It is tied to definitive agreements for a strategic investment announced on July 20, 2026, and is issued under the company’s equity incentive plan.

How are the reported GREE restricted stock units settled?

Each restricted stock unit represents a contingent right to receive one share of Vulcan Infrastructure & Power’s Class A Common Stock. Settlement occurs upon vesting, on July 23, 2026, in accordance with the terms of the Third Amended and Restated 2021 Equity Incentive Plan.

Was there a purchase price for the GREE CEO’s restricted stock unit grant?

The Form 4 reports a transaction price of $0.00 per share for the grant, indicating it is an equity award rather than an open-market purchase. The grant was made as compensation under Vulcan Infrastructure & Power’s 2021 Equity Incentive Plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/22/2026 - 06:23 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kovler Jordan

(Last) (First) (Middle)

C/O GREENIDGE GENERATION HOLDINGS INC.

1159 PITTSFORD-VICTOR ROAD, SUITE 240

(Street)

PITTSFORD NEW YORK 14534

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Vulcan Infrastructure & Power Inc. [ GREE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/20/2026(1)		A		125,000	A	$0	361,127	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units granted as a one-time equity award in recognition of the Reporting Person's contributions to the Issuer's strategic transformation, including the entry into definitive agreements for the strategic investment announced on July 20, 2026, pursuant to the Issuer's Third Amended and Restated 2021 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The award will vest in its entirety on July 23, 2026.

Remarks:

	/s/ Jordan Kovler	07/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)