Vertical Data corrects Nickel’s option to 773,750 shares
The amendment’s footnote says 726,250 of the 1,500,000 shares originally subject to the option were canceled under a September 5, 2025 adjustment agreement.
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Rhea-AI Filing Summary
Vertical Data Inc. amended its Form 3 for Head of Business Development Jesse Nickel, correcting his status to officer and the direct stock option’s underlying share count from 771,750 to 773,750 common shares. The option has a $0.05 exercise price and expires October 1, 2034. The filing states that 25% vested immediately, with the remaining 75% vesting ratably monthly over three years. Nickel’s 165,000 directly held common shares reported in the original Form 3 are unchanged.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) F1, F2 | -- | -- | -- |
Footnotes (2)
- F1. 25% of the granted options vested immediately upon issuance, with the remaining 75% vesting ratably on a monthly basis over the three-year vesting period.
- F2. This Amendment amends the number of shares underlying the stock option, which the original Form 3 reported as 771,750. Of the 1,500,000 shares originally subject to the option, 726,250 were cancelled under the Stock Option Adjustment Letter Agreement dated September 5, 2025, leaving 773,750 outstanding on the date of event requiring this statement.
Key Figures
Key Terms
underlying security financial
vested immediately financial
ratably financial
Rule 16a-1(f) regulatory
Stock Option Adjustment Letter Agreement technical
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