Empery Digital Inc. — Director's Dealing 2025

Jul 22, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Volcon, Inc. (VLCN)
CIK: 0001829794
Period of Report: 2025-07-17

Reporting Person: READ IAN C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-07-21	Common Stock	A	30000	$10.00	Acquired	30000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-17	Stock options (right to buy)	$10.00	A	298802	Acquired	2035-07-17	Common Stock (298802)	Direct

Footnotes

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 shares of common stock were purchased by the Ian Charles Read Revocable Trust the ("Trust"). The Reporting Person is the trustee of the trust and may be deemed to have sole voting and dispositive power over the shares held by the Trust. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

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 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.