STOCK TITAN

[Form 4] Volcon, Inc. Common stock Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Volcon, Inc. (VLCN) Form 4 key takeaways: Director Karin-Joyce Tjon reported two insider purchase events. On 07/21/2025 she bought 20,000 common shares at $10 in the company’s recently closed private placement, bringing her direct ownership to 20,000 shares. Earlier, on 07/17/2025 she was granted 10,000 stock options with a $10 exercise price, expiring 07/17/2035.

The option grant vests in 20% increments as Volcon’s volume-weighted average price (VWAP) hits $10, $14, $18, $22 and fully vests at $30; vesting is also conditioned on shareholder approval of a new stock-option plan. No dispositions were reported, and the filing was made solely by the director, who remains a Board member but is not a 10% owner.

The combined equity acquisition suggests alignment of management interests with shareholder value through both direct share ownership and performance-based incentives.

Volcon, Inc. (VLCN) Form 4 punti chiave: La direttrice Karin-Joyce Tjon ha comunicato due operazioni di acquisto da parte di insider. Il 21/07/2025 ha acquistato 20.000 azioni ordinarie a 10$ nell'ambito di un recente collocamento privato chiuso dalla società, portando la sua proprietà diretta a 20.000 azioni. In precedenza, il 17/07/2025 le sono state concesse 10.000 opzioni su azioni con prezzo di esercizio di 10$, con scadenza il 17/07/2035.

Le opzioni maturano in incrementi del 20% al raggiungimento di un prezzo medio ponderato per volume (VWAP) di Volcon di 10$, 14$, 18$, 22$, e si maturano completamente a 30$; la maturazione è inoltre subordinata all'approvazione da parte degli azionisti di un nuovo piano di stock option. Non sono state segnalate cessioni, e la comunicazione è stata effettuata esclusivamente dalla direttrice, che rimane membro del Consiglio di Amministrazione ma non detiene una quota superiore al 10%.

Questa acquisizione combinata di capitale suggerisce un allineamento degli interessi della direzione con il valore per gli azionisti, sia tramite la proprietà diretta delle azioni che attraverso incentivi basati sulle performance.

Volcon, Inc. (VLCN) Formulario 4 puntos clave: La directora Karin-Joyce Tjon reportó dos eventos de compra de insider. El 21/07/2025 compró 20,000 acciones ordinarias a $10 en una colocación privada recientemente cerrada por la compañía, elevando su propiedad directa a 20,000 acciones. Anteriormente, el 17/07/2025 se le concedieron 10,000 opciones sobre acciones con un precio de ejercicio de $10, que vencen el 17/07/2035.

La concesión de opciones se adquiere en incrementos del 20% a medida que el precio promedio ponderado por volumen (VWAP) de Volcon alcanza $10, $14, $18, $22 y se adquiere completamente a $30; la adquisición también está condicionada a la aprobación de los accionistas de un nuevo plan de opciones sobre acciones. No se reportaron disposiciones, y la presentación fue realizada únicamente por la directora, quien sigue siendo miembro de la Junta pero no posee el 10% o más.

La adquisición combinada de acciones sugiere una alineación de los intereses de la dirección con el valor para los accionistas, tanto a través de la propiedad directa de acciones como de incentivos basados en el rendimiento.

Volcon, Inc. (VLCN) Form 4 주요 내용: 이사 Karin-Joyce Tjon이 두 건의 내부자 주식 매입을 보고했습니다. 2025년 7월 21일 회사가 최근 종료한 사모 배정에서 보통주 20,000주를 주당 10달러에 매수하여 직접 보유 주식 수가 20,000주가 되었습니다. 그 이전인 2025년 7월 17일에는 행사 가격이 10달러이고 만료일이 2035년 7월 17일인 주식매수선택권 10,000주를 부여받았습니다.

주식매수선택권은 Volcon의 거래량 가중 평균 가격(VWAP)이 10달러, 14달러, 18달러, 22달러에 도달할 때마다 20%씩 베스팅되며, 30달러에 도달하면 완전히 베스팅됩니다. 또한 주식매수선택권 계획에 대한 주주 승인도 베스팅 조건입니다. 처분은 보고되지 않았으며, 이 보고는 이사 한 명에 의해 이루어졌고, 해당 이사는 이사회 멤버이지만 10% 이상의 지분을 보유하고 있지 않습니다.

이러한 결합된 주식 취득은 경영진의 이해관계가 직접 주식 보유와 성과 기반 인센티브를 통해 주주 가치와 일치함을 시사합니다.

Volcon, Inc. (VLCN) Points clés du Formulaire 4 : La directrice Karin-Joyce Tjon a déclaré deux opérations d'achat d'initiés. Le 21/07/2025, elle a acheté 20 000 actions ordinaires à 10 $ lors d'un placement privé récemment clôturé par la société, portant sa détention directe à 20 000 actions. Plus tôt, le 17/07/2025, elle s'est vue attribuer 10 000 options d'achat d'actions avec un prix d'exercice de 10 $, expirant le 17/07/2035.

L'attribution des options se débloque par tranches de 20 % lorsque le prix moyen pondéré par volume (VWAP) de Volcon atteint 10 $, 14 $, 18 $, 22 $ et se débloque intégralement à 30 $ ; le déblocage est également conditionné à l'approbation des actionnaires d'un nouveau plan d'options sur actions. Aucune cession n'a été signalée, et le dépôt a été effectué uniquement par la directrice, qui reste membre du conseil d'administration mais ne détient pas 10 % ou plus des parts.

L'acquisition combinée de titres suggère un alignement des intérêts de la direction avec la valeur actionnariale, à la fois par la détention directe d'actions et par des incitations basées sur la performance.

Volcon, Inc. (VLCN) Form 4 wichtige Erkenntnisse: Die Direktorin Karin-Joyce Tjon meldete zwei Insider-Käufe. Am 21.07.2025 kaufte sie 20.000 Stammaktien zu je 10 $ im Rahmen einer kürzlich abgeschlossenen Privatplatzierung der Gesellschaft, wodurch ihr Direktbesitz auf 20.000 Aktien anstieg. Bereits am 17.07.2025 wurden ihr 10.000 Aktienoptionen mit einem Ausübungspreis von 10 $ und einer Laufzeit bis zum 17.07.2035 gewährt.

Die Optionen werden zu 20 % freigegeben, sobald der volumengewichtete Durchschnittspreis (VWAP) von Volcon 10 $, 14 $, 18 $, 22 $ erreicht, und vollständig bei 30 $; die Freigabe ist zudem von der Zustimmung der Aktionäre zu einem neuen Aktienoptionsplan abhängig. Es wurden keine Veräußerungen gemeldet, und die Meldung erfolgte ausschließlich durch die Direktorin, die weiterhin Mitglied des Vorstands ist, aber keinen Anteil von 10 % oder mehr hält.

Der kombinierte Erwerb von Eigenkapital deutet auf eine Ausrichtung der Interessen des Managements mit dem Aktionärswert durch direkte Aktienbesitz und leistungsabhängige Anreize hin.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Modest insider buying plus performance-tied options signal positive alignment but are not financially material.

The director’s $200k share purchase (20k shares × $10) demonstrates confidence ahead of the private-placement close. Performance-tiered options further encourage share-price appreciation and are contingent on shareholder approval, a good governance safeguard. However, the absolute share count is small relative to Volcon’s outstanding float, so market impact should be limited. Overall sentiment skewed positive but not transformative for valuation.

TL;DR: Option vesting tied to VWAP and shareholder consent reflects sound incentive design.

The step-function vesting structure (VWAP $10–$30) links reward directly to sustained market performance, reducing windfall risk. Requiring shareholder approval before vesting completes aligns with best-practice governance. Combined with the director’s cash purchase, the filing suggests an effort to match management rewards with shareholder outcomes. Governance risk is therefore low.

Volcon, Inc. (VLCN) Form 4 punti chiave: La direttrice Karin-Joyce Tjon ha comunicato due operazioni di acquisto da parte di insider. Il 21/07/2025 ha acquistato 20.000 azioni ordinarie a 10$ nell'ambito di un recente collocamento privato chiuso dalla società, portando la sua proprietà diretta a 20.000 azioni. In precedenza, il 17/07/2025 le sono state concesse 10.000 opzioni su azioni con prezzo di esercizio di 10$, con scadenza il 17/07/2035.

Le opzioni maturano in incrementi del 20% al raggiungimento di un prezzo medio ponderato per volume (VWAP) di Volcon di 10$, 14$, 18$, 22$, e si maturano completamente a 30$; la maturazione è inoltre subordinata all'approvazione da parte degli azionisti di un nuovo piano di stock option. Non sono state segnalate cessioni, e la comunicazione è stata effettuata esclusivamente dalla direttrice, che rimane membro del Consiglio di Amministrazione ma non detiene una quota superiore al 10%.

Questa acquisizione combinata di capitale suggerisce un allineamento degli interessi della direzione con il valore per gli azionisti, sia tramite la proprietà diretta delle azioni che attraverso incentivi basati sulle performance.

Volcon, Inc. (VLCN) Formulario 4 puntos clave: La directora Karin-Joyce Tjon reportó dos eventos de compra de insider. El 21/07/2025 compró 20,000 acciones ordinarias a $10 en una colocación privada recientemente cerrada por la compañía, elevando su propiedad directa a 20,000 acciones. Anteriormente, el 17/07/2025 se le concedieron 10,000 opciones sobre acciones con un precio de ejercicio de $10, que vencen el 17/07/2035.

La concesión de opciones se adquiere en incrementos del 20% a medida que el precio promedio ponderado por volumen (VWAP) de Volcon alcanza $10, $14, $18, $22 y se adquiere completamente a $30; la adquisición también está condicionada a la aprobación de los accionistas de un nuevo plan de opciones sobre acciones. No se reportaron disposiciones, y la presentación fue realizada únicamente por la directora, quien sigue siendo miembro de la Junta pero no posee el 10% o más.

La adquisición combinada de acciones sugiere una alineación de los intereses de la dirección con el valor para los accionistas, tanto a través de la propiedad directa de acciones como de incentivos basados en el rendimiento.

Volcon, Inc. (VLCN) Form 4 주요 내용: 이사 Karin-Joyce Tjon이 두 건의 내부자 주식 매입을 보고했습니다. 2025년 7월 21일 회사가 최근 종료한 사모 배정에서 보통주 20,000주를 주당 10달러에 매수하여 직접 보유 주식 수가 20,000주가 되었습니다. 그 이전인 2025년 7월 17일에는 행사 가격이 10달러이고 만료일이 2035년 7월 17일인 주식매수선택권 10,000주를 부여받았습니다.

주식매수선택권은 Volcon의 거래량 가중 평균 가격(VWAP)이 10달러, 14달러, 18달러, 22달러에 도달할 때마다 20%씩 베스팅되며, 30달러에 도달하면 완전히 베스팅됩니다. 또한 주식매수선택권 계획에 대한 주주 승인도 베스팅 조건입니다. 처분은 보고되지 않았으며, 이 보고는 이사 한 명에 의해 이루어졌고, 해당 이사는 이사회 멤버이지만 10% 이상의 지분을 보유하고 있지 않습니다.

이러한 결합된 주식 취득은 경영진의 이해관계가 직접 주식 보유와 성과 기반 인센티브를 통해 주주 가치와 일치함을 시사합니다.

Volcon, Inc. (VLCN) Points clés du Formulaire 4 : La directrice Karin-Joyce Tjon a déclaré deux opérations d'achat d'initiés. Le 21/07/2025, elle a acheté 20 000 actions ordinaires à 10 $ lors d'un placement privé récemment clôturé par la société, portant sa détention directe à 20 000 actions. Plus tôt, le 17/07/2025, elle s'est vue attribuer 10 000 options d'achat d'actions avec un prix d'exercice de 10 $, expirant le 17/07/2035.

L'attribution des options se débloque par tranches de 20 % lorsque le prix moyen pondéré par volume (VWAP) de Volcon atteint 10 $, 14 $, 18 $, 22 $ et se débloque intégralement à 30 $ ; le déblocage est également conditionné à l'approbation des actionnaires d'un nouveau plan d'options sur actions. Aucune cession n'a été signalée, et le dépôt a été effectué uniquement par la directrice, qui reste membre du conseil d'administration mais ne détient pas 10 % ou plus des parts.

L'acquisition combinée de titres suggère un alignement des intérêts de la direction avec la valeur actionnariale, à la fois par la détention directe d'actions et par des incitations basées sur la performance.

Volcon, Inc. (VLCN) Form 4 wichtige Erkenntnisse: Die Direktorin Karin-Joyce Tjon meldete zwei Insider-Käufe. Am 21.07.2025 kaufte sie 20.000 Stammaktien zu je 10 $ im Rahmen einer kürzlich abgeschlossenen Privatplatzierung der Gesellschaft, wodurch ihr Direktbesitz auf 20.000 Aktien anstieg. Bereits am 17.07.2025 wurden ihr 10.000 Aktienoptionen mit einem Ausübungspreis von 10 $ und einer Laufzeit bis zum 17.07.2035 gewährt.

Die Optionen werden zu 20 % freigegeben, sobald der volumengewichtete Durchschnittspreis (VWAP) von Volcon 10 $, 14 $, 18 $, 22 $ erreicht, und vollständig bei 30 $; die Freigabe ist zudem von der Zustimmung der Aktionäre zu einem neuen Aktienoptionsplan abhängig. Es wurden keine Veräußerungen gemeldet, und die Meldung erfolgte ausschließlich durch die Direktorin, die weiterhin Mitglied des Vorstands ist, aber keinen Anteil von 10 % oder mehr hält.

Der kombinierte Erwerb von Eigenkapital deutet auf eine Ausrichtung der Interessen des Managements mit dem Aktionärswert durch direkte Aktienbesitz und leistungsabhängige Anreize hin.

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).
1. Name and Address of Reporting Person*
Olason Orn

(Last) (First) (Middle)
C/O VOLCON, INC.
3121 EAGLES NEST STREET, SUITE 120

(Street)
ROUND ROCK TX 78665

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Volcon, Inc. [ VCLN ]
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)
07/17/2025
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 07/21/2025 A 10,000(1) A $10 10,000 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 options (right to buy) $10 07/17/2025 A 10,000 07/17/2025(2) 07/17/2035 Common Stock 10,000 (2) 10,000 D
Explanation of Responses:
1. The shares of common stock were purchased by the Reporting Person in the Issuer's recently announced private placement with certain accredited and institutional investors, which closed on July 21, 2025.
2. The stock options were issued by the Issuer in connection with the Reporting Person's service as a director of the Issuer and vest based upon the daily volume weighted average price ("VWAP") of the Issuer's common stock, vesting as to 20% of the underlying shares of common stock upon the VWAP reaching $10 and then in incremental 20% installments until becoming fully vested upon a VWAP of $30. All vesting is subject to the approval by the Issuer's stockholder of a new stock option plan.
/s/ Orn Olason 07/21/2025
** 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.
Volcon Inc

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