Deven Soni, Chairman, President and CEO of Vertical Data Inc., filed a Form 4 on November 2, 2026, reporting three acquisitions of common stock and restricted stock units across transactions dated March 11, May 26, and September 17, 2026.

Key Highlights

  • March 11, 2026 transaction: 180,000 shares of common stock acquired at $0.50 per share in settlement of accrued fees for services, held indirectly through AASD Investments LLC.
  • May 26, 2026 transaction: 14,850 shares acquired at $3.03 per share in settlement of accrued compensation for the period April 1 through June 30, 2026, also held through AASD Investments LLC.
  • September 17, 2026 RSU grant: 81,118 restricted stock units granted at no cash cost under the Vertical Data Inc. 2024 Stock Incentive Plan, held directly by the reporting person.
  • RSU value basis: The number of RSUs was determined by dividing a Board-approved target grant value of $383,689 by $4.73, the 30-calendar-day volume-weighted average price of the issuer's common stock for the period ended September 15, 2026.
  • RSU vesting: The RSUs were 100% vested as of the grant date and are not subject to any continued-service requirement, forfeiture condition, or issuer repurchase right.
  • Settlement timing: The underlying RSU shares are to be delivered no later than March 15, 2027; no shares had settled as of the filing date.
  • Board exemption: Each transaction was approved by the Board of Directors and is intended to be exempt from Section 16(b) pursuant to Rule 16b-3(d), according to the filing.

Soni's Three-Transaction Disclosure for Vertical Data Inc.

According to the Form 4 filed November 2, 2026, Deven Soni, who serves as Chairman, President and CEO of Vertical Data Inc. (OTC:VDTA), reported three separate acquisitions of common stock and RSUs during 2026. The first two transactions were recorded as indirect holdings through AASD Investments LLC. The March 11, 2026 acquisition of 180,000 shares at $0.50 per share was described in the filing as settlement of accrued fees for services rendered to the issuer, approved by the Board of Directors at its meeting held that same date. Following this transaction, indirect beneficial ownership stood at 2,640,000 shares.

The second transaction, dated May 26, 2026, added 14,850 shares at $3.03 per share, which the filing identifies as the volume-weighted average price of the issuer's common stock for May 2026. These shares were issued in settlement of accrued compensation for the period April 1 through June 30, 2026, bringing indirect beneficial ownership through AASD Investments LLC to 2,654,850 shares.

The third transaction, dated September 17, 2026, consisted of 81,118 RSUs granted individually to Soni under the Vertical Data Inc. 2024 Stock Incentive Plan. The filing states the RSUs were granted in consideration of services rendered during the period July 1, 2025 through June 30, 2026, and were 100% vested on the grant date. Each RSU represents the right to receive one share of common stock and may not be settled in cash. The filing notes that the issuer expects to withhold shares for tax obligations upon settlement, and any withheld shares will be separately reported at that time.

What Was Disclosed

Deven Soni's Form 4 reports three acquisitions totaling 276,118 shares and RSUs of Vertical Data Inc. common stock across transactions on March 11, May 26, and September 17, 2026, all approved by the Board and intended to be exempt under Rule 16b-3(d).