Were Christopher Creatura's VDTA share transactions approved by the board?

Yes. The board approved each transaction, and each was intended to be exempt from Section 16(b) pursuant to Rule 16b-3(d).

Vertical Data awards Creatura 43,680-share stock grant

The September RSUs had no continued-service requirement, forfeiture condition, or issuer repurchase right.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Vertical Data Inc. Chief Credit Officer Christopher Creatura acquired 480,000 common shares on March 11, 2026, issued to settle accrued service fees at $0.50 per share, and 14,850 shares on May 26, 2026, for accrued compensation covering April 1 through June 30, 2026, at $3.03 per share. On September 17, 2026, he received 43,680 restricted stock units, fully vested at grant and settling one-for-one in shares, with delivery due no later than March 15, 2027.

Insider Trade Summary

Grant/Award: 538,530 shares

Grant/Award 3 txns

Insider Creatura Christopher

Role Chief Credit Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock ^{F4, F5, F2, F6}	43,680	$0.00	$0.00
Grant/Award	Common Stock ^{F3, F2}	14,850	$3.03	$45K
Grant/Award	Common Stock ^{F1, F2}	480,000	$0.50	$240K

Holdings After Transaction: Common Stock — 1,144,909 shares (Direct)

Footnotes (6)

F1. Shares issued in settlement of accrued fees for services rendered to the issuer, at $0.50 per share, as approved by the Board of Directors at its meeting held March 11, 2026.
F2. Each such transaction was approved by the Board of Directors of the issuer and is intended to be exempt from Section 16(b) pursuant to Rule 16b-3(d).
F3. Shares issued in settlement of accrued compensation for the period April 1 through June 30, 2026, at $3.03 per share, the volume-weighted average price of the issuer's common stock for May 2026, as approved by the Board of Directors.
F4. Represents restricted stock units ("RSUs") granted under the Vertical Data Inc. 2024 Stock Incentive Plan pursuant to a unanimous written consent of the Board of Directors executed by all directors on September 17, 2026, in consideration of services rendered to the issuer during the period July 1, 2025 through June 30, 2026. Each RSU represents the right to receive one share of common stock, settles solely in shares of common stock on a one-for-one basis and may not be settled in cash.
F5. The RSUs were 100% vested as of the grant date and are not subject to any continued-service requirement, forfeiture condition or issuer repurchase right. The underlying shares are to be delivered as promptly as practicable following the grant date and in all events no later than March 15, 2027.
F6. The RSUs were granted at no cash cost to the reporting person. The number of RSUs was determined by dividing the target grant value approved by the Board ($206,606) by $4.73, the 30-calendar-day volume-weighted average price of the issuer's common stock as reported by OTC Markets for the period ended September 15, 2026, rounded to the nearest whole unit.

Key Figures

Common shares issued for accrued service fees: 480,000 shares Per-share amount for service-fee settlement: $0.50 per share Common shares issued for accrued compensation: 14,850 shares +4 more

7 metrics

Common shares issued for accrued service fees 480,000 shares March 11, 2026

Per-share amount for service-fee settlement $0.50 per share March 11, 2026

Common shares issued for accrued compensation 14,850 shares May 26, 2026; compensation for April 1 through June 30, 2026

Per-share amount for compensation settlement $3.03 per share May 26, 2026

Restricted stock units granted 43,680 RSUs September 17, 2026

Target grant value $206,606 Used to determine the September 17, 2026 RSU grant

30-calendar-day volume-weighted average price $4.73 Period ended September 15, 2026; used to determine the September RSU count

Key Terms

restricted stock units, volume-weighted average price, Rule 16b-3(d)

3 terms

restricted stock units financial

"Represents restricted stock units ("RSUs") granted under the"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

volume-weighted average price financial

"the 30-calendar-day volume-weighted average price"

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.

Rule 16b-3(d) regulatory

"intended to be exempt from Section 16(b) pursuant to Rule 16b-3(d)"

Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.

FAQ

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

How many shares did VDTA Chief Credit Officer Christopher Creatura receive for accrued fees and compensation?

Christopher Creatura acquired 480,000 common shares on March 11, 2026, at $0.50 per share in settlement of accrued service fees, and 14,850 shares on May 26, 2026, at $3.03 per share for accrued compensation covering April 1 through June 30, 2026.

What were the terms of Christopher Creatura's 43,680 VDTA RSUs?

Creatura was granted 43,680 RSUs on September 17, 2026. They were 100% vested at grant, settle solely in common shares on a one-for-one basis, and are to be delivered as promptly as practicable and no later than March 15, 2027.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/09/2026 - 03:08 PM EDT Accepted by SEC EDGAR 10/09/2026 - 03:08 PM EDT

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^*

Creatura Christopher

(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. 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)
	Chief Credit Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	03/11/2026		A⁽²⁾		480,000	A	$0.5	1,086,379	D
Common Stock⁽³⁾	05/26/2026		A⁽²⁾		14,850	A	$3.03	1,101,229	D
Common Stock⁽⁴⁾⁽⁵⁾	09/17/2026		A⁽²⁾		43,680	A	$0.00⁽⁶⁾	1,144,909	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares issued in settlement of accrued fees for services rendered to the issuer, at $0.50 per share, as approved by the Board of Directors at its meeting held March 11, 2026.

2. Each such transaction was approved by the Board of Directors of the issuer and is intended to be exempt from Section 16(b) pursuant to Rule 16b-3(d).

3. Shares issued in settlement of accrued compensation for the period April 1 through June 30, 2026, at $3.03 per share, the volume-weighted average price of the issuer's common stock for May 2026, as approved by the Board of Directors.

4. Represents restricted stock units ("RSUs") granted under the Vertical Data Inc. 2024 Stock Incentive Plan pursuant to a unanimous written consent of the Board of Directors executed by all directors on September 17, 2026, in consideration of services rendered to the issuer during the period July 1, 2025 through June 30, 2026. Each RSU represents the right to receive one share of common stock, settles solely in shares of common stock on a one-for-one basis and may not be settled in cash.

5. The RSUs were 100% vested as of the grant date and are not subject to any continued-service requirement, forfeiture condition or issuer repurchase right. The underlying shares are to be delivered as promptly as practicable following the grant date and in all events no later than March 15, 2027.

6. The RSUs were granted at no cash cost to the reporting person. The number of RSUs was determined by dividing the target grant value approved by the Board ($206,606) by $4.73, the 30-calendar-day volume-weighted average price of the issuer's common stock as reported by OTC Markets for the period ended September 15, 2026, rounded to the nearest whole unit.

	/s/ Christopher Creatura	10/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR