Vertical Data grants director 17,849 stock units

The October award includes three future vesting installments, with those units subject to continued service on the Board.

Rhea-AI Filing Summary

Vertical Data Inc. director David Hackett received 31,712 restricted stock units on September 17, 2026, for services during July 1, 2025 through June 30, 2026; all vested at grant and are to be delivered in shares no later than March 15, 2027. On October 6, 2026, he received 17,849 annual director RSUs: 4,462 vested at grant, with the remaining 4,462, 4,462 and 4,463 vesting on December 31, 2026, March 31, 2027 and June 30, 2027, subject to continued Board service. Each RSU represents one common share, and both grants were made at no cash cost.

Insider Trade Summary

Grant/Award: 49,561 shares

Grant/Award 2 txns

Insider HACKETT DAVID

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F5, F3, F6	17,849	$0.00	$0.00
Grant/Award	Common Stock F1, F2, F3, F4	31,712	$0.00	$0.00

Holdings After Transaction: Common Stock — 407,061 shares (Direct)

Footnotes (6)

1. F1. 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.
2. F2. 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.
3. F3. Each grant 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).
4. F4. 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 ($150,000) 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.
5. F5. Represents RSUs granted under the plan referred to in footnote 1 as the annual grant to non-employee directors under the issuer's Non-Employee Director Compensation Policy for the service period July 1, 2026 through June 30, 2027, pursuant to a unanimous written consent of the Board of Directors executed by all directors on October 6, 2026. Each RSU represents the right to receive one share of common stock. 4,462 RSUs vested on the grant date, and the remaining RSUs vest in installments of 4,462 on December 31, 2026, 4,462 on March 31, 2027 and 4,463 on June 30, 2027, subject to continued service on the Board. Vested RSUs settle in shares of common stock as soon as practicable following each vesting date.
6. F6. The RSUs were granted at no cash cost to the reporting person. The number of RSUs was determined by dividing $100,000 by $5.6023, the 30-day volume-weighted average price of the issuer's common stock as reported by OTC Markets for the period ended October 5, 2026, rounded down to the nearest whole unit.

Key Figures

RSUs for prior-period services: 31,712 RSUs Annual director RSUs: 17,849 RSUs RSUs vested on October grant date: 4,462 RSUs +4 more

7 metrics

RSUs for prior-period services 31,712 RSUs Granted September 17, 2026; all vested at grant

Annual director RSUs 17,849 RSUs Granted October 6, 2026

RSUs vested on October grant date 4,462 RSUs October 6, 2026

Approved target grant value $150,000 September 2026 RSU grant calculation

Volume-weighted average price used in grant calculation $4.73 per share 30-calendar-day period ended September 15, 2026

Amount used in grant calculation $100,000 October 2026 RSU grant

Volume-weighted average price used in grant calculation $5.6023 per share 30-day period ended October 5, 2026

Key Terms

restricted stock units, one-for-one basis, volume-weighted average price, continued-service requirement

4 terms

restricted stock units financial

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

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.

one-for-one basis financial

"settles solely in shares of common stock on a one-for-one basis"

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.

continued-service requirement financial

"not subject to any continued-service requirement"

FAQ

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

How many RSUs did VDTA director David Hackett receive?

David Hackett received 31,712 RSUs on September 17, 2026, and 17,849 RSUs on October 6, 2026. Each RSU represents the right to receive one common share; the October grant is the annual award under the Non-Employee Director Compensation Policy.

What is the vesting schedule for David Hackett's October 2026 VDTA RSUs?

Of the 17,849 RSUs granted October 6, 2026, 4,462 vested on the grant date; 4,462 vest on December 31, 2026, 4,462 on March 31, 2027, and 4,463 on June 30, 2027, subject to continued Board service. Vested RSUs settle in common shares as soon as practicable following each vesting date.

Were David Hackett's September 2026 VDTA RSUs subject to forfeiture?

No. The 31,712 RSUs granted September 17, 2026 were 100% vested as of the grant date and were not subject to a continued-service requirement, forfeiture condition or issuer repurchase right. They settle solely in common shares on a one-for-one basis.

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

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Available on EDGAR 10/09/2026 - 02:57 PM EDT Accepted by SEC EDGAR 10/09/2026 - 02:57 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^*

HACKETT DAVID

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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)(2)	09/17/2026		A(3)		31,712	A	$0.00(4)	389,212	D
Common Stock(5)	10/06/2026		A(3)		17,849	A	$0.00(6)	407,061	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. 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.

2. 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.

3. Each grant 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).

4. 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 ($150,000) 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.

5. Represents RSUs granted under the plan referred to in footnote 1 as the annual grant to non-employee directors under the issuer's Non-Employee Director Compensation Policy for the service period July 1, 2026 through June 30, 2027, pursuant to a unanimous written consent of the Board of Directors executed by all directors on October 6, 2026. Each RSU represents the right to receive one share of common stock. 4,462 RSUs vested on the grant date, and the remaining RSUs vest in installments of 4,462 on December 31, 2026, 4,462 on March 31, 2027 and 4,463 on June 30, 2027, subject to continued service on the Board. Vested RSUs settle in shares of common stock as soon as practicable following each vesting date.

6. The RSUs were granted at no cash cost to the reporting person. The number of RSUs was determined by dividing $100,000 by $5.6023, the 30-day volume-weighted average price of the issuer's common stock as reported by OTC Markets for the period ended October 5, 2026, rounded down to the nearest whole unit.

	/s/ David Hackett	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)