Vertical Data (VDTA) director acquires shares via option exercise

Rhea-AI Filing Summary

Vertical Data Inc. director Leverton Jaime reported exercising stock options to acquire shares of the company. On the reported date, Jaime exercised 208,333 stock options at $0.05 per share, which the filing describes as an exercise or conversion of a derivative security.

According to the footnotes, 20,833 of these options were withheld to complete a cashless exercise, resulting in the issuance of 187,500 shares of common stock. After these transactions, Jaime directly owned 259,552 shares of common stock and held 49,583 stock options following the option exercise.

Insider Trade Summary

208,333 shares exercised/converted

Mixed 2 txns

Insider Leverton Jaime

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	208,333	$0.05	$10K
Exercise	Common Stock	187,500	$0.05	$9K

Holdings After Transaction: Stock Option (Right to Buy) — 49,583 shares (Direct); Common Stock — 259,552 shares (Direct)

Footnotes (1)

1. Of the 208,333 options that were exercised, 20,833 were withheld in order to effectuate a cashless exercise transaction 33.33% of the granted options were exercisable on the first anniversary of the grant date with the remaining 66.66% vesting in equal monthly installments over the remaining two years of the (three year) vesting period

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Form 4 Insider Transactions: What Each Field Means →

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^*

Leverton Jaime

(Last) (First) (Middle)

1980 FESTIVAL PLAZA DRIVE, SUITE 300

C/O VERTICAL DATA, INC.

(Street)

LAS VEGAS NV 89135

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/23/2026		M		187,500(1)	A	$0.05	259,552	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
Stock Option (Right to Buy)	$0.05	01/23/2026		M			208,333(1)	(2)	07/01/2034	Common Stock	187,500(1)	$0.05	49,583	D

Explanation of Responses:

1. Of the 208,333 options that were exercised, 20,833 were withheld in order to effectuate a cashless exercise transaction

2. 33.33% of the granted options were exercisable on the first anniversary of the grant date with the remaining 66.66% vesting in equal monthly installments over the remaining two years of the (three year) vesting period

	Jaime Leverton	03/04/2026
	** 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.

FAQ

What insider transaction did Leverton Jaime report for VDTA?

Leverton Jaime reported exercising stock options in Vertical Data Inc. The filing shows an exercise of 208,333 stock options at $0.05 per share, resulting in 187,500 common shares issued after a cashless portion was withheld.

How many Vertical Data stock options did Leverton Jaime exercise?

Leverton Jaime exercised 208,333 stock options in Vertical Data Inc. The options carried an exercise price of $0.05 per share and were converted into common stock, with a portion withheld to facilitate a cashless exercise transaction, according to the filing footnote.

How many Vertical Data common shares did Leverton Jaime receive?

Leverton Jaime received 187,500 shares of Vertical Data common stock. These shares came from exercising 208,333 stock options at $0.05 per share, with 20,833 options withheld to complete a cashless exercise, as detailed in the Form 4 footnote.

What are Leverton Jaime’s holdings in Vertical Data after the transactions?

After the reported transactions, Leverton Jaime directly owned 259,552 shares of Vertical Data common stock. The filing also shows 49,583 stock options remaining following the option exercise, reflecting Jaime’s continuing derivative position in the company’s equity.

What does the cashless exercise detail mean in the VDTA Form 4?

The cashless exercise detail explains that 20,833 of the 208,333 exercised options were withheld. This withholding allowed Leverton Jaime to cover costs associated with the exercise, so 187,500 shares of common stock were actually issued to the insider.

How did the exercised Vertical Data options vest for Leverton Jaime?

The Form 4 notes that 33.33% of the granted options became exercisable on the first anniversary of the grant date. The remaining 66.66% vested in equal monthly installments over the next two years of the three-year vesting period.