Deven Soni, Chairman, President and CEO of Vertical Data Inc., filed an initial statement of beneficial ownership on November 2, 2026, reporting his securities holdings as of the event date of January 12, 2026.

Key Highlights

  • Beneficial ownership: Soni reported indirect beneficial ownership of 2,460,000 shares of Common Stock, held of record by AASD Investments LLC.
  • Composition of shares: The 2,460,000 shares consist of 1,785,000 founder shares and 675,000 shares acquired upon exercise of stock options on December 2, 2025, for an aggregate exercise price of $33,750 paid in cash.
  • Remaining options: Soni holds a stock option (right to buy) covering 160,650 shares of Common Stock at an exercise price of $0.05 per share, expiring July 1, 2034.
  • Original option history: Of 1,620,000 options originally granted, 675,000 were exercised on December 2, 2025, 784,350 were cancelled under a Stock Option Adjustment Letter Agreement dated September 5, 2025, and 160,650 remain outstanding.
  • Vesting schedule: According to the filing, 33.33% of the remaining option vested on July 1, 2025, with the remaining 66.66% vesting in equal monthly installments over the following 24 months.
  • Direct holdings: The filing states that Soni "beneficially owns no shares of common stock directly as of the date of event requiring this statement."

Deven Soni's Initial Beneficial Ownership Disclosure at Vertical Data Inc.

According to the Form 3 filed with the SEC, Deven Soni serves as a Director and as Chairman, President and CEO of Vertical Data Inc. (VDTA). The date of event requiring the statement is listed as January 12, 2026, and the form was signed and filed on November 2, 2026. The issuer is identified in the filing as Vertical Data Inc. with the trading symbol VDTA.

The filing discloses that all 2,460,000 shares of Common Stock attributed to Soni are held indirectly through AASD Investments LLC, of which Soni is the beneficial owner. The filing notes explicitly that he holds no shares directly. Of the total, 1,785,000 are described as founder shares, and 675,000 were obtained through the exercise of stock options on December 2, 2025, for cash consideration totaling $33,750, according to the explanation of responses included in the form.

In addition to the shares already held, the filing reports one outstanding derivative security: a stock option with the right to buy 160,650 shares of Common Stock at $0.05 per share, held directly, with an expiration date of July 1, 2034. The filing attributes the reduction in outstanding options from 1,620,000 to 160,650 to both the December 2, 2025 exercise and the cancellation of 784,350 options under a Stock Option Adjustment Letter Agreement dated September 5, 2025.

What Was Disclosed

This Form 3 is an initial statement of beneficial ownership by Deven Soni, Chairman, President and CEO of Vertical Data Inc., covering 2,460,000 indirectly held common shares and a stock option for 160,650 shares at $0.05, as of January 12, 2026.