Vertical Data: Jesse Nickel acquires 14,850 shares

The shares settled accrued compensation for April 1 through June 30, 2026, using the issuer’s May volume-weighted average price.

Rhea-AI Filing Summary

Vertical Data Inc. reported that its Head of Business Development, Jesse Nickel, acquired 14,850 shares of common stock on May 26, 2026, in settlement of accrued compensation for April 1 through June 30, 2026. The shares were priced at $3.03 per share, the issuer’s volume-weighted average price for May 2026, as approved by the Board of Directors. Jesse Nickel directly held 1,104,850 shares after the transaction.

Insider Trade Summary

Grant/Award: 14,850 shares

Grant/Award 1 txn

Insider Nickel Jesse

Role Head of Business Development

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1, F2	14,850	$3.03	$45K

Holdings After Transaction: Common Stock — 1,104,850 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. The 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).

Key Figures

Shares acquired: 14,850 shares Price per share: $3.03 per share Direct shares held after transaction: 1,104,850 shares

3 metrics

Shares acquired 14,850 shares Direct common stock acquired on May 26, 2026, in settlement of accrued compensation

Price per share $3.03 per share Volume-weighted average price of the issuer’s common stock for May 2026

Direct shares held after transaction 1,104,850 shares Jesse Nickel’s direct common stock holdings after the transaction

Key Terms

accrued compensation, volume-weighted average price, Rule 16b-3(d)

3 terms

accrued compensation financial

"settlement of accrued compensation"

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.

Rule 16b-3(d) regulatory

"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 Vertical Data (VDTA) shares did Jesse Nickel receive?

Jesse Nickel received 14,850 shares of Vertical Data Inc. common stock on May 26, 2026, in settlement of accrued compensation for April 1 through June 30, 2026.

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

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Available on EDGAR 10/09/2026 - 03:04 PM EDT Accepted by SEC EDGAR 10/09/2026 - 03:03 PM EDT Learn about SEC filing dates

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^*

Nickel Jesse

(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)
	Head of Business Development

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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(1)	05/26/2026		A(2)		14,850	A	$3.03	1,104,850	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

Explanation of Responses:

1. 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.

2. The 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).

	/s/ Jesse Nickel	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)