July 17, 2025 · Form 4 insider transaction
Silver Timothy J. bought 597,604 shares of VCLN, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 12 days after the transaction.
The non-qualified stock options were issued by the Issuer pursuant to an inducement award agreement as a material inducement to the Reporting Person's acceptance of employment with the Issuer in accordance with NASDAQ Listing Rule 5635(c) on July 17, 2025.; 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 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.