Vertical Data: PansyCake buys 85,000 shares at $3
The September award was fully vested at grant, while later installments of the October award depend on continued board service.
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.
Form Type
4
Rhea-AI Filing Summary
Vertical Data Inc. director Jaime Leverton reported that PansyCake Holdings Limited purchased 85,000 common shares at $3 per share on August 11, 2026; the entity’s reported position after the purchase was 85,000 shares. Leverton also received 31,712 restricted stock units on September 17, fully vested at grant, and 17,849 RSUs on October 6.
Of the October award, 4,462 RSUs vested at grant; the remaining units 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 board service. Both awards were granted at no cash cost. A separate holding entry lists 259,552 shares held by Jaime Leverton Ventures & Advisory Inc.
Insider Trade Summary
Net Buyer: 85,000 shares
Net Buy
4 txns
Insider
Leverton Jaime
Role
Director
Bought
85,000 shs ($255K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F7, F5, F8 | 17,849 | $0.00 | $0.00 |
| Grant/Award | Common Stock F3, F4, F5, F6 | 31,712 | $0.00 | $0.00 |
| Purchase | Common Stock F1, F2 | 85,000 | $3.00 | $255K |
| holding | Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 85,000 shares (Indirect, By PansyCake Holdings Limited);
Common Stock — 49,561 shares (Direct);
Common Stock — 259,552 shares (Indirect, By Jaime Leverton Ventures & Advisory Inc.)
Footnotes (9)
- F1. Shares purchased in the issuer's private placement of 1,373,152 shares of common stock at $3.00 per share, which closed on August 11, 2026.
- F2. Shares held of record by PansyCake Holdings Limited.
- F3. 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. The RSUs were granted to the reporting person individually.
- F4. 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.
- F5. 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).
- 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 ($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.
- F7. Represents RSUs granted under the plan referred to in footnote 3 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.
- F8. 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.
- F9. Shares held of record by Jaime Leverton Ventures & Advisory Inc.
Key Figures
Common shares purchased: 85,000 shares
Purchase price: $3 per share
Position after purchase: 85,000 shares
+5 more
8 metrics
Common shares purchased
85,000 shares
PansyCake Holdings Limited, August 11, 2026
Purchase price
$3 per share
PansyCake Holdings Limited purchase on August 11, 2026
Position after purchase
85,000 shares
PansyCake Holdings Limited
September RSU award
31,712 RSUs
Granted September 17, 2026; fully vested at grant
October RSU award
17,849 RSUs
Granted October 6, 2026
RSUs vested at October grant
4,462 RSUs
Vested October 6, 2026
Shares held by Jaime Leverton Ventures & Advisory Inc.
259,552 shares
Indirect holding reported August 11, 2026
Private-placement shares
1,373,152 shares
Vertical Data private placement closed August 11, 2026
Key Terms
restricted stock units, volume-weighted average price, private placement, Rule 16b-3(d)
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.
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.
private placement financial
"issuer's private placement of 1,373,152 shares"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
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.
What are the vesting terms for Jaime Leverton’s October 2026 VDTA RSUs?
The 17,849 RSUs granted on October 6, 2026 included 4,462 that vested on the grant date. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
