0001683168-25-005258.txt : 20250721 0001683168-25-005258.hdr.sgml : 20250721 20250721214540 ACCESSION NUMBER: 0001683168-25-005258 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250717 FILED AS OF DATE: 20250721 DATE AS OF CHANGE: 20250721 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kim Kyoung John CENTRAL INDEX KEY: 0001885540 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40867 FILM NUMBER: 251138497 MAIL ADDRESS: STREET 1: C/O VOLCON, INC. STREET 2: 3121 EAGLES NEST, SUITE 120 CITY: ROUND ROCK STATE: TX ZIP: 78665 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Volcon, Inc. CENTRAL INDEX KEY: 0001829794 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing EIN: 844882689 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3121 EAGLES NEST, SUITE 120 CITY: ROUND ROCK STATE: TX ZIP: 78665 BUSINESS PHONE: 512-400-4271 MAIL ADDRESS: STREET 1: 3121 EAGLES NEST, SUITE 120 CITY: ROUND ROCK STATE: TX ZIP: 78665 4 1 ownership.xml X0508 4 2025-07-17 0 0001829794 Volcon, Inc. VLCN 0001885540 Kim Kyoung John C/O VOLCON, INC. 3121 EAGLES NEST, SUITE 120 ROUND ROCK TX 78665 1 1 0 0 Co-Chief Executive Officer 0 Common Stock 2025-07-21 4 A 0 22500 10.00 A 22500 D Stock options (right to buy) 10.00 2025-07-17 4 A 0 180375 A 2025-05-30 2035-05-30 Common Stock 180375 180375 D Stock options (right to buy) 10.00 2025-07-17 4 A 0 1494010 A 2035-07-17 Common Stock 1494010 1494010 D 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. The Reporting Person and the Issuer amended an existing option grant agreement pursuant to which the Reporting Person was granted options to purchase 180,375 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. 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 stockholder of a new stock option plan. The stock options were issued by the Issuer in connection with the Reporting Person's employment service as Co-Chief Executive 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. /s/ John Kyoung Kim 2025-07-21