Greg Endo - 17 Jul 2025 Form 4 Insider Report for Volcon, Inc. (VLCN)

Role: Chief Financial Officer
Signature: /s/ Greg Endo
Issuer symbol: VLCN
Transactions as of: 17 Jul 2025
Transactions value $: $200,000
Form type: 4
Filing time: 21 Jul 2025, 21:46:35 UTC
Previous filing: 02 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Endo Greg	Chief Financial Officer	C/O VOLCON, INC., 3121 EAGLES NEST, SUITE 120, ROUND ROCK	/s/ Greg Endo	21 Jul 2025	0001882355

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VLCN	Common Stock	Award	$200K	+20K		$10.00	20K	21 Jul 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VLCN	Stock options (right to buy)	Award		+72.2K			72.2K	17 Jul 2025	Common Stock	72.2K	$10.00	Direct	F2
transaction	VLCN	Stock options (right to buy)	Award		+747K			747K	17 Jul 2025	Common Stock	747K	$10.00	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	The Reporting Person and the Issuer amended an existing option grant agreement pursuant to which the Reporting Person was granted options to purchase 72,150 shares of common stock of the Issuer (as adjusted for the Issuer's June 11, 2025 one-for-eight reverse stock split) in connection with the Reporting Person's employment service to the Company. The amendment increased the exercise price of such options to $10 per share of common stock.
F3	The stock options vest based upon the daily volume weighted average price ("VWAP") of the Issuer's common stock, vesting as to 20% of the 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 stockholders of a new stock option plan.
F4	The stock options were issued by the Issuer in connection with the Reporting Person's employment service as Chief Financial Officer of the Issuer on July 17, 2025. All vesting is subject to the approval by the Issuer's stockholders of a new stock option plan.