Scilex Holding Co (NASDAQ: SCLX) discloses sales of Datavault AI shares

Rhea-AI Filing Summary

Scilex Holding Co, a 10% owner of Datavault AI Inc. (DVLT), reported open-market sales of Datavault AI common stock over three consecutive days in early January 2026. The transactions show sales of 6,053,708 shares at $1.3681 per share 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 coded as sales. After the last reported transaction, Scilex Holding Co was shown as beneficially owning 229,731,770 shares of Datavault AI common stock in direct form.

Insights

Equity ownership analyst

Large shareholder Scilex reports multi-day sales of Datavault AI shares while retaining a substantial direct position.

Scilex Holding Co, identified as a 10% owner of Datavault AI Inc., disclosed a series of open-market sales of Datavault AI common stock on three consecutive days in January 2026. The transactions, all coded "S" for sale, were executed at per-share prices between $1.0683 and $1.3681, indicating active trading within a relatively narrow price range.

The filing shows that after the final transaction on January 8, 2026, Scilex Holding Co continued to hold 229,731,770 Datavault AI common shares directly. The disclosure confirms a reduction in its reported beneficial ownership but maintains a very large remaining stake, with no additional derivative positions reported in the excerpt.

Because the filing does not state motivations or any related corporate actions, the practical implications depend on future ownership disclosures and any subsequent Forms 4 or Schedule 13 filings that might update Scilex Holding Co's position or intentions.

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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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 filed this Form 4 related to Datavault AI and what is their role?

The Form 4 was filed by Scilex Holding Co, which is identified as a 10% owner of Datavault AI Inc. (DVLT).

What Datavault AI stock transactions did Scilex Holding Co report?

Scilex Holding Co reported sales of Datavault AI common stock on January 6, 7 and 8, 2026, each coded as an "S" transaction, indicating open-market or private sales.

How many Datavault AI shares did Scilex Holding Co sell on January 6, 2026?

On January 6, 2026, Scilex Holding Co sold 6,053,708 Datavault AI common shares at a price of $1.3681 per share.

What were the January 7 and January 8, 2026 Datavault AI share sales by Scilex Holding Co?

On January 7, 2026, Scilex Holding Co sold 4,835,581 shares at $1.2013 per share, and on January 8, 2026 it sold 3,824,201 shares at $1.0683 per share.

How many Datavault AI shares did Scilex Holding Co own after these transactions?

After the last reported sale on January 8, 2026, Scilex Holding Co beneficially owned 229,731,770 Datavault AI common shares in direct form.

Does the Form 4 show any derivative securities for Scilex Holding Co in Datavault AI?

The excerpted Table II for derivative securities does not list any Datavault AI derivative positions for Scilex Holding Co, only common stock in Table I.