Vertical Data Inc. (VDTA) director exercises 187,500 options and settles tax in shares

Rhea-AI Filing Summary

Vertical Data Inc. director David Hackett exercised stock options to acquire 187,500 shares of common stock on January 23, 2026. The options had a $0.05 exercise price per share, and the related common stock line reflects 187,500 shares at $0.50 per share.

As part of the transaction, 20,833 common shares underlying the exercised options were withheld to settle tax obligations, a non-market disposition that does not represent an open-market sale. Following these transactions, Hackett directly holds 357,500 shares of Vertical Data Inc. common stock, and no remaining derivative positions are shown in this filing.

Insider Trade Summary

187,500 shares exercised/converted

Mixed 3 txns

Insider HACKETT DAVID

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	187,500	$0.05	$9K
Tax Withholding	Stock Option (Right to Buy)	20,833	$0.05	$1K
Exercise	Common Stock	187,500	$0.50	$94K

Holdings After Transaction: Stock Option (Right to Buy) — 49,583 shares (Direct); Common Stock — 357,500 shares (Direct)

Footnotes (1)

1. 33.33 of the granted options vested on the first anniversary of the grant date with the remaining 66.66% vesting in equal monthly installments over the remaining 24 months of the vesting period The 20,833 common shares underlying the exercised options were withheld to settle tax obligations on overall option exercise and are therefore not reflected in Table I

Form 4 Insider Transactions: What Each Field Means →

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^*

HACKETT DAVID

(Last) (First) (Middle)

20 ASTLEY AVENUE

(Street)

TORONTO M4W 3B4

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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
Common Stock	01/23/2026		M		187,500	A	$0.5	357,500	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
Stock Option (Right to Buy)	$0.05	01/23/2026		M			187,500	(1)	07/01/2034	Common Stock	187,500	$0.05	49,583	D
Stock Option (Right to Buy)	$0.05	01/23/2026		F			20,833	(1)	07/01/2034	Common Stock	20,833(2)	$0.05	49,583	D

Explanation of Responses:

1. 33.33 of the granted options vested on the first anniversary of the grant date with the remaining 66.66% vesting in equal monthly installments over the remaining 24 months of the vesting period

2. The 20,833 common shares underlying the exercised options were withheld to settle tax obligations on overall option exercise and are therefore not reflected in Table I

	David Hackett	03/26/2026
	** 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)

FAQ

What insider transaction did Vertical Data Inc. (VDTA) director David Hackett report?

David Hackett reported exercising stock options to acquire 187,500 shares of Vertical Data Inc. common stock. The filing shows this derivative exercise on January 23, 2026, converting options into directly held shares and increasing his common stock ownership position.

At what price did David Hackett exercise his Vertical Data Inc. (VDTA) stock options?

David Hackett exercised his stock options at $0.05 per underlying share, as shown in the derivative transaction. The related common stock entry reflects 187,500 shares at $0.50 per share, documenting the share issuance from the option exercise on January 23, 2026.

How many Vertical Data Inc. (VDTA) shares were withheld for taxes in this Form 4?

The Form 4 shows 20,833 common shares underlying the exercised options were withheld to settle tax obligations. This tax-withholding disposition is coded as an F transaction and is not an open-market sale of shares to third-party buyers.

How many Vertical Data Inc. (VDTA) shares does David Hackett hold after the reported transactions?

After the reported transactions, David Hackett directly holds 357,500 shares of Vertical Data Inc. common stock. This post-transaction balance is disclosed in the non-derivative section and reflects the net result after the option exercise and related tax-withholding shares.

Did David Hackett sell any Vertical Data Inc. (VDTA) shares on the open market in this filing?

The filing does not show any open-market sales by David Hackett. Instead, 20,833 shares were withheld to satisfy tax obligations related to the option exercise, a non-market disposition recorded under transaction code F in the derivative transactions table.

What does the empty derivative position mean in David Hackett’s Vertical Data Inc. (VDTA) Form 4?

The filing’s derivative summary shows no remaining derivative positions for David Hackett. This indicates the reported stock options were fully exercised in this event, converting his option-based exposure into directly held Vertical Data Inc. common shares.