Vertical Data Inc. Insider Trading Activity

Vertical Data Inc. insider Nickel Jesse increased his position through equity compensation rather than market purchases.

Accepted by SEC EDGAR 03/23/2026 - 02:11 PM EDT Learn about SEC filing dates

The filer has since corrected this document, so the figures below are the ones originally reported and some of them may have changed. Read the amended Form 4/A for what the company says now.

Rhea-AI Filing Summary

Vertical Data Inc. insider Nickel Jesse increased his position through equity compensation rather than market purchases. He received a grant of 300,000 shares of common stock at $0.05 per share, issued in lieu of salary for the period from June 2025 through March 2026.

He also exercised stock options covering 625,000 shares of common stock at an exercise price of $0.05 per share, converting derivative holdings into regular shares. Following these transactions, he directly holds 1,090,000 common shares, and no remaining option position is shown in this filing.

Insider Trade Summary

625,000 shares exercised/converted

Exercise 3 txns

Insider Nickel Jesse

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	300,000	$0.05	$15K
Exercise	Stock Option (Right to Buy)	625,000	$0.05	$31K
Exercise	Common Stock	625,000	$0.05	$31K

Holdings After Transaction: Stock Option (Right to Buy) — 148,750 contracts (Direct); Common Stock — 1,090,000 shares (Direct)

Holdings Before and After: Stock Option (Right to Buy), 773,750 to 148,750 contracts (Direct); Common Stock, 165,000 to 1,090,000 shares (Direct)

Footnotes (2)

1. F1. 300,000 common shares were issued to the beneficial owner in lieu of salary for the period between June 2025 through March 2026
2. F2. 25% of the granted options vested immediately on the grant date with the remaining 75% vesting ratably on a monthly basis over the three-year vesting period

FAQ

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

What insider transactions did Nickel Jesse report at Vertical Data Inc. (VDTA)?

Nickel Jesse reported three acquisition transactions. He received 300,000 common shares as compensation and exercised stock options for 625,000 additional shares at $0.05 each. All moves increased his equity stake, with no sales or dispositions disclosed in this filing.

How many Vertical Data (VDTA) shares does Nickel Jesse hold after these transactions?

After the reported transactions, Nickel Jesse directly holds 1,090,000 shares of Vertical Data common stock. This total reflects the 300,000-share compensation grant and the 625,000 shares acquired via option exercise, as indicated by the post-transaction ownership figures in the filing.

Were Nickel Jesse’s Vertical Data (VDTA) shares bought on the open market?

No, the shares were not open-market purchases. The filing shows a 300,000-share grant issued in lieu of salary and 625,000 shares received by exercising stock options at $0.05 per share, all categorized as acquisitions, not market buys.

What does the 300,000-share grant to Nickel Jesse at VDTA represent?

The 300,000-share grant represents compensation in stock instead of cash salary. Footnotes explain these common shares were issued in lieu of salary for the period from June 2025 through March 2026, aligning his pay more closely with Vertical Data’s equity performance.

What stock option activity did Nickel Jesse report for Vertical Data (VDTA)?

He exercised stock options for 625,000 underlying common shares at an exercise price of $0.05 per share. This converted derivative securities into common stock, and the filing shows no remaining option position, indicating a full exercise of the options reflected here.

Did Nickel Jesse sell any Vertical Data (VDTA) shares in this Form 4?

No sales were reported. All three transactions are coded as acquisitions, including a stock grant and an option exercise. The transaction summary shows zero sell trades and a net neutral buy/sell direction, meaning his ownership only increased in this period.

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

Form 4 Insider Transactions: What Each Field Means →

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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 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
	Officer (give title below)	X	Other (specify below)
			Head of Business Development

2a. Foreign Trading Symbol
[N/A]

3. Date of Earliest Transaction (Month/Day/Year)
01/23/2026

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	01/23/2026		M		625,000	A	$0.05	790,000	D
Common Stock	03/01/2026(1)		A		300,000	A	$0.05	1,090,000	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			625,000	(2)	10/01/2034	Common Stock	625,000	$0.05	148,750	D

Explanation of Responses:

1. 300,000 common shares were issued to the beneficial owner in lieu of salary for the period between June 2025 through March 2026

2. 25% of the granted options vested immediately on the grant date with the remaining 75% vesting ratably on a monthly basis over the three-year vesting period

	Jesse Nickel	03/23/2026
	** 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)