Vertical Data Inc. director Leverton Jaime filed an initial ownership report, showing holdings of stock options and common shares. The filing lists 257,916 stock options (right to buy common stock) held directly and 72,052 shares of common stock held directly.
According to a footnote, 33.33% of the option shares vest on the first anniversary of the grant date, with the remaining 66.66% vesting in equal monthly installments over the following 24 months, creating a three-year vesting schedule.
Vertical Data Inc. reported very weak quarterly results for the three months ended December 31, 2025. Revenue fell to $57,000 from $3,666,000 a year earlier as fewer AI hardware deals closed during the period, sharply compressing gross margin to $8,100. Operating expenses declined to about $661,000 from $905,000, but the company still posted a net loss of $652,635 versus $837,458 last year.
Cash fell to $220,006 from $372,718 as operating activities used roughly $335,000, partially offset by $182,000 from a private stock sale. Management concluded there is substantial doubt about the company’s ability to continue as a going concern and expects to rely on additional equity raises and future operating income.