Vertical Data CEO reports 2.46M-share holding

Q: How many VDTA shares does Deven Soni report holding?

Deven Soni reported 2,460,000 common shares held of record by AASD Investments LLC, consisting of 1,785,000 founder shares and 675,000 shares acquired upon exercise of options on December 2, 2025. He reported no common shares held directly as of January 12, 2026.

The reported positions distinguish LLC-held common stock from directly held options, including a $0.05 exercise price and a July 1, 2034 expiration.

Available on EDGAR 11/02/2026 - 03:26 PM EST Accepted by SEC EDGAR 11/02/2026 - 03:26 PM EST

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Form Type

Rhea-AI Filing Summary

Vertical Data Inc. (VDTA) reports that Chairman, President and CEO Deven Soni beneficially owns 2,460,000 common shares held of record by AASD Investments LLC; he reported no common shares directly as of January 12, 2026. The LLC-held shares consist of 1,785,000 founder shares and 675,000 shares acquired through option exercise on December 2, 2025. Soni also holds 160,650 direct stock options with a $0.05 exercise price, expiring July 1, 2034.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Soni Deven

Role Chairman, President and CEO

Type	Security	Shares	Price	Value
Holding	Stock Option (Right to Buy) ^{F4, F5}	--	--	--
Holding	Common Stock ^{F1, F2, F3}	--	--	--

Holdings: Stock Option (Right to Buy) — 160,650 contracts (Direct); Common Stock — 2,460,000 shares (Indirect, By AASD Investments LLC)

Footnotes (5)

F1. Consists of 1,785,000 founder shares and 675,000 shares acquired upon exercise of stock options on December 2, 2025, for an aggregate exercise price of $33,750 paid in cash.
F2. The reporting person beneficially owns no shares of common stock directly as of the date of event requiring this statement.
F3. Shares held of record by AASD Investments LLC.
F4. 33.33% of the shares subject to the option vested on July 1, 2025, the first anniversary of the July 1, 2024 grant date, with the remaining 66.66% vesting in equal monthly installments over the following 24 months.
F5. Of the 1,620,000 options originally granted, 675,000 were exercised on December 2, 2025, 784,350 were cancelled under the Stock Option Adjustment Letter Agreement dated September 5, 2025, and 160,650 remain outstanding.

Key Figures

Common shares held through AASD Investments LLC: 2,460,000 shares Founder shares: 1,785,000 shares Shares acquired upon option exercise: 675,000 shares +5 more

8 metrics

Common shares held through AASD Investments LLC 2,460,000 shares Reported as of January 12, 2026

Founder shares 1,785,000 shares Component of shares held through AASD Investments LLC

Shares acquired upon option exercise 675,000 shares Exercised on December 2, 2025

Aggregate exercise price $33,750 Paid in cash for the December 2, 2025 option exercise

Shares underlying remaining direct options 160,650 shares Options remain outstanding

Option exercise price $0.05 per share Direct stock options

Option expiration date July 1, 2034 Direct stock options

Options cancelled 784,350 options Cancelled under the Stock Option Adjustment Letter Agreement dated September 5, 2025

Key Terms

beneficially owns, aggregate exercise price, vested, Stock Option Adjustment Letter Agreement

4 terms

beneficially owns regulatory

"reporting person beneficially owns no shares of common stock directly"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

aggregate exercise price financial

"for an aggregate exercise price of $33,750 paid in cash"

vested financial

"33.33% of the shares subject to the option vested on July 1, 2025"

Stock Option Adjustment Letter Agreement regulatory

"cancelled under the Stock Option Adjustment Letter Agreement dated September 5, 2025"

FAQ

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

How many VDTA shares does Deven Soni report holding?

Deven Soni reported 2,460,000 common shares held of record by AASD Investments LLC, consisting of 1,785,000 founder shares and 675,000 shares acquired upon exercise of options on December 2, 2025. He reported no common shares held directly as of January 12, 2026.

What happened to Deven Soni’s original VDTA stock options?

Of the 1,620,000 options originally granted, 675,000 were exercised on December 2, 2025, for an aggregate exercise price of $33,750 paid in cash; 784,350 were cancelled under the Stock Option Adjustment Letter Agreement dated September 5, 2025; and 160,650 remain outstanding. 33.33% vested on July 1, 2025, with the remaining 66.66% vesting in equal monthly installments over the following 24 months.

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

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SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Soni Deven

(Last)

(First)

(Middle)

C/O VERTICAL DATA INC.

1980 FESTIVAL PLAZA DRIVE, SUITE 300

(Street)

LAS VEGAS

NEVADA

89135

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
01/12/2026

3. Issuer Name and Ticker or Trading Symbol
Vertical Data Inc. [ VDTA ]

3a. Foreign Trading Symbol

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

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman, President and CEO

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	2,460,000⁽¹⁾	I⁽²⁾	By AASD Investments LLC⁽³⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	⁽⁴⁾	07/01/2034	Common Stock	160,650⁽⁵⁾	$0.05	D

Explanation of Responses:

1. Consists of 1,785,000 founder shares and 675,000 shares acquired upon exercise of stock options on December 2, 2025, for an aggregate exercise price of $33,750 paid in cash.

2. The reporting person beneficially owns no shares of common stock directly as of the date of event requiring this statement.

3. Shares held of record by AASD Investments LLC.

4. 33.33% of the shares subject to the option vested on July 1, 2025, the first anniversary of the July 1, 2024 grant date, with the remaining 66.66% vesting in equal monthly installments over the following 24 months.

5. Of the 1,620,000 options originally granted, 675,000 were exercised on December 2, 2025, 784,350 were cancelled under the Stock Option Adjustment Letter Agreement dated September 5, 2025, and 160,650 remain outstanding.

	/s/ Deven Soni	11/02/2026
	** 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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR