X0206 3 2024-08-01 0 0001829794 Volcon, Inc. VLCN 0001535610 SABBY MANAGEMENT, LLC 7012 FISHER ISLAND DR MIAMI BEACH FL 33109 0 0 1 0 Common Stock 477543 I See Footnotes Pre-Funded Warrant $0.00001 Strike 0 2024-07-11 2034-07-11 Common Stock 656836 I See Footnotes Warrant $29.00 Strike 29 2024-11-23 2029-11-23 Common Stock 44490 I See Footnotes This Form 3 is being filed by Sabby Volatility Warrant Master Fund, Ltd. ("SVWMF"), Sabby Management, LLC ("Advisor") and Hal Mintz. Advisor is the investment manager of SVWMF. Mr. Mintz is the manager of Advisor. The amount reported herein reflects the entire amount of Issuer's securities held by SVWMF as of August 1, 2024. Each of Advisor and Mr. Mintz disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934 ("Section 16"), beneficial ownership of such securities, except to the extent of its/his indirect pecuniary interest therein, and this report shall not be deemed an admission that either Advisor or Mr. Mintz is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The exercise of this security into shares is subject to a blocker, and the holder is not allowed to exercise this security into shares if as a result of such exercise holder (in the aggregate with its affiliates) would own in excess of 4.99% of the outstanding shares (9.99% of the outstanding shares in the case of the Pre-Funded Warrant). As holder (in the aggregate with its affiliates) currently owns more than 9.99% of the outstanding shares, this security is not currently eligible for exercise into shares. /s/ Robert Grundstein, COO and General Counsel of Sabby Management, LLC 2024-08-06