Vertical Data grants 1,270 shares for consulting fee

The October monthly equity fee was issued in shares in lieu of cash, using the month’s volume-weighted average price.

Available on EDGAR 11/02/2026 - 02:47 PM EST Accepted by SEC EDGAR 11/02/2026 - 02:47 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Vertical Data Inc. reported a grant of 1,270 common shares to Lincoln Hall Advisors LLC on October 30, 2026. The LLC, through which Interim CFO and Secretary Christopher S. Downs provides services, held the shares of record. The shares satisfied the LLC’s $5,000 monthly equity fee for October 2026 and were issued in lieu of cash under the 2024 Stock Incentive Plan. The share count was based on an October volume-weighted average price of $3.9370, rounded down; the LLC held 3,518 shares following the transaction.

Insider Trade Summary

Grant/Award: 1,270 shares

Grant/Award 1 txn

Insider Downs Christopher S

Role Interim CFO and Secretary

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	1,270	$3.937	$5K

Holdings After Transaction: Common Stock — 3,518 shares (Indirect, By Lincoln Hall Advisors LLC)

Holdings Before and After: Common Stock, 2,248 to 3,518 shares (Indirect, By Lincoln Hall Advisors LLC)

Footnotes (2)

1. F1. Shares issued under the Issuer's 2024 Stock Incentive Plan pursuant to Section 2.b of the Consulting Agreement between the Issuer and Lincoln Hall Advisors LLC, effective August 1, 2026, in satisfaction of the $5,000 monthly equity fee for October 2026, received in shares in lieu of cash. The number of shares equals $5,000 divided by the volume-weighted average price of the Issuer's common stock on the OTCQB Marketplace for all trading days in October 2026 ($3.9370), rounded down to the nearest whole share.
2. F2. The shares are held of record by Lincoln Hall Advisors LLC, a Wyoming limited liability company of which the Reporting Person is the sole member, through which the Reporting Person provides services to the Issuer.

Key Figures

Shares granted: 1,270 shares Volume-weighted average price: $3.9370 per share Monthly equity fee: $5,000 +1 more

4 metrics

Shares granted 1,270 shares October 30, 2026

Volume-weighted average price $3.9370 per share Common stock, all trading days in October 2026

Monthly equity fee $5,000 October 2026 fee received in shares in lieu of cash

Shares held following transaction 3,518 shares Lincoln Hall Advisors LLC, following the October 30, 2026 transaction

Key Terms

volume-weighted average price, 2024 Stock Incentive Plan, OTCQB Marketplace

3 terms

volume-weighted average price financial

"volume-weighted average price of the Issuer's common stock"

Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.

2024 Stock Incentive Plan financial

"under the Issuer's 2024 Stock Incentive Plan"

OTCQB Marketplace financial

"on the OTCQB Marketplace for all trading days"

FAQ

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

How many shares did VDTA grant for the October 2026 fee?

Vertical Data Inc. reported a grant of 1,270 common shares to Lincoln Hall Advisors LLC on October 30, 2026. The share count was based on a volume-weighted average price of $3.9370, and the LLC held 3,518 shares following the transaction.

How did VDTA calculate the number of shares for the fee?

The share count equaled the $5,000 monthly equity fee divided by the common stock’s volume-weighted average price on the OTCQB Marketplace for all trading days in October 2026, which was $3.9370; the result was rounded down to the nearest whole share.

What agreement governed VDTA’s share fee to Lincoln Hall Advisors?

The shares were issued pursuant to Section 2.b of the consulting agreement between Vertical Data Inc. and Lincoln Hall Advisors LLC, effective August 1, 2026, under the issuer’s 2024 Stock Incentive Plan.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Downs Christopher S

(Last) (First) (Middle)

1980 FESTIVAL PLAZA DRIVE, SUITE 300

(Street)

LAS VEGAS NEVADA 89135

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim CFO and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2026

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	10/30/2026		A		1,270	A	$3.937(1)	3,518	I	By Lincoln Hall Advisors LLC(2)

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:

1. Shares issued under the Issuer's 2024 Stock Incentive Plan pursuant to Section 2.b of the Consulting Agreement between the Issuer and Lincoln Hall Advisors LLC, effective August 1, 2026, in satisfaction of the $5,000 monthly equity fee for October 2026, received in shares in lieu of cash. The number of shares equals $5,000 divided by the volume-weighted average price of the Issuer's common stock on the OTCQB Marketplace for all trading days in October 2026 ($3.9370), rounded down to the nearest whole share.

2. The shares are held of record by Lincoln Hall Advisors LLC, a Wyoming limited liability company of which the Reporting Person is the sole member, through which the Reporting Person provides services to the Issuer.

	/s/ Christopher Downs	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 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)