Scilex Holding Co (NASDAQ: SCLX) trims Datavault AI stake over three days

Rhea-AI Filing Summary

Scilex Holding Co, a 10% owner of Datavault AI Inc. (DVLT), reported significant open-market sales of the company’s common stock. On January 6, 2026, Scilex sold 6,053,708 shares at $1.3681 per share, followed by the sale of 4,835,581 shares at $1.2013 per share on January 7, 2026. On January 8, 2026, it sold another 3,824,201 shares at $1.0683 per share, leaving Scilex with 229,731,770 Datavault AI common shares held directly after the last reported transaction.

Insights

Insider transactions analyst

Scilex Holding Co sold 14.7M Datavault AI shares over three days while retaining a very large direct position.

Scilex Holding Co, identified as a 10% owner of Datavault AI Inc., reported three consecutive days of open-market sales of Datavault AI common stock. The transactions were coded as "S" (sale) and involved 6,053,708 shares at $1.3681 on January 6, 2026, 4,835,581 shares at $1.2013 on January 7, 2026, and 3,824,201 shares at $1.0683 on January 8, 2026, all reported as directly held.

In total, these sales amount to 14,713,490 shares sold over the three-day period, according to the reported figures. After the final transaction on January 8, 2026, Scilex reported beneficial ownership of 229,731,770 Datavault AI common shares in direct form, indicating it continues to hold a substantial stake. The filing does not state any reasons for the sales, so interpretation relies solely on the disclosed share amounts, prices, and remaining holdings.

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
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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^*

Scilex Holding Co

(Last) (First) (Middle)

960 SAN ANTONIO ROAD

(Street)

PALO ALTO 94303

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Datavault AI Inc. [ DVLT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

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

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

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

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
Common Stock	01/06/2026		S		6,053,708	D	$1.3681	238,391,552	D
Common Stock	01/07/2026		S		4,835,581	D	$1.2013	233,555,971	D
Common Stock	01/08/2026		S		3,824,201	D	$1.0683	229,731,770	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:

	/s/ Henry Ji, Scilex Holding Company, Chief Executive Officer, President and Chairperson	01/08/2026
	** 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.

FAQ

Who reported these Datavault AI (DVLT) insider transactions?

The transactions were reported by Scilex Holding Co, which is identified as a 10% owner of Datavault AI Inc. (DVLT) on the Form 4.

How many Datavault AI shares did Scilex Holding Co sell in this Form 4?

Scilex Holding Co reported selling 6,053,708 shares on January 6, 2026, 4,835,581 shares on January 7, 2026, and 3,824,201 shares on January 8, 2026, for a total of 14,713,490 shares.

At what prices were the Datavault AI (DVLT) shares sold by Scilex Holding Co?

The reported sale prices were $1.3681 per share on January 6, 2026, $1.2013 per share on January 7, 2026, and $1.0683 per share on January 8, 2026.

How many Datavault AI shares does Scilex Holding Co own after these sales?

Following the final reported transaction on January 8, 2026, Scilex Holding Co reported beneficially owning 229,731,770 Datavault AI common shares directly.

Are these Datavault AI insider transactions direct or indirect holdings?

All three reported sales and the resulting holdings are shown as direct ownership (D) of Datavault AI common stock by Scilex Holding Co.

Does this Form 4 involve any derivative securities for Datavault AI?

The Form 4 includes a section for derivative securities, but in this report no derivative security transactions are listed for Datavault AI common stock.