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Vision Marine Technologies Inc. reported $13.8M in revenue and a $21.7M net loss for fiscal 2025. See the full VMAR financial statements: income statement, balance sheet, cash flow and ratios, each column linked to its SEC filing.

Vision Marine COO reports 1 share, 1 option stake

Vision Marine Technologies Inc. (VMAR) disclosed the initial equity holdings of Chief Operating Officer Maxime Poudrier in a Form 3.

(Neutral)
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Vision Marine Technologies Inc. (VMAR) disclosed the initial equity holdings of Chief Operating Officer Maxime Poudrier in a Form 3. Poudrier reports direct ownership of 1 common share and options on 1 common share with an exercise price of 24354000.0000, exercisable on 2026-11-30 and expiring on 2027-11-30.

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Insider Poudrier Maxime
Role Chief Operating Officer
Type Security Shares Price Value
holding Options -- -- --
holding Common Shares -- -- --
Holdings After Transaction: Options — 1 contracts (Direct); Common Shares — 1 shares (Direct)
Directly held common shares 1.0000 shares Total common shares owned directly by Maxime Poudrier following holdings as of 2026-09-01
Options underlying common shares 1.0000 shares Underlying common shares for options held directly by Maxime Poudrier
Option exercise price 24354000.0000 Exercise price for options on 1 underlying common share
Option exercise date 2026-11-30 Date from which the reported options become exercisable
Option expiration date 2027-11-30 Expiration date of the reported options on common shares
Form 3 regulatory
"Vision Marine Technologies Inc. disclosed the initial equity holdings in a Form 3"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Options financial
"security_title: "Options" with underlying security title "Common Shares""
Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.
underlying security financial
"underlying_security_title: "Common Shares" and underlying_security_shares: "1.0000""
exercise price financial
"conversion_or_exercise_price: "24354000.0000" for the options"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"expiration_date: "2027-11-30" for the options"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

FAQ

What does VMAR's Form 3 filing by Maxime Poudrier report?

It reports Chief Operating Officer Maxime Poudrier’s initial ownership in Vision Marine Technologies Inc., consisting of 1 directly held common share and options on 1 common share with a stated exercise price of 24354000.0000.

How many Vision Marine Technologies Inc. (VMAR) common shares does Maxime Poudrier hold?

Maxime Poudrier reports direct ownership of 1 common share of Vision Marine Technologies Inc. following the reported holdings as of 2026-09-01.

What derivative securities on VMAR does Maxime Poudrier report on Form 3?

He reports options on 1 underlying common share of Vision Marine Technologies Inc., held directly, with an exercise price of 24354000.0000 and an expiration date of 2027-11-30.

When can Maxime Poudrier’s options on VMAR shares be exercised?

The options reported by Maxime Poudrier are listed as exercisable on 2026-11-30 and have an expiration date of 2027-11-30, according to the Form 3 data.

Are Maxime Poudrier’s VMAR holdings reported as direct or indirect ownership?

Both the 1 common share and the options on 1 common share are reported as direct ownership in the Form 3 filing for Vision Marine Technologies Inc.

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

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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Poudrier Maxime

(Last)(First)(Middle)
730 BOULEVARD DU CURE-BOIVIN

(Street)
BOISBRIANDJ7G 2A7

(City)(State)(Zip)

QUEBEC, CANADA

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2026
3. Issuer Name and Ticker or Trading Symbol
Vision Marine Technologies Inc. [ VMAR ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares1D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Options11/30/202611/30/2027Common Shares1$24,354,000D
Explanation of Responses:
/s/ Poudrier Maxime09/01/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)