Form 4: Sabby Management, LLC Reports Acquisition of Volcon, Inc. Shares

Sabby Management, LLC reports the acquisition of 3,194 shares of Volcon, Inc. common stock at a price of $1.5454 per share on August 26, 2024.

Summary

• Sabby Management, LLC filed a Form 4 on August 28, 2024, reporting a transaction in Volcon, Inc. [VLCN] common stock.
• On August 26, 2024, Sabby Management acquired 3,194 shares of common stock at a price of $1.5454 per share.
• Following the transaction, Sabby Volatility Warrant Master Fund, Ltd. (SVWMF) beneficially owns 739,507 shares of Volcon, Inc. common stock.
• Sabby Management, LLC (Advisor) is the investment manager to SVWMF, and Hal Mintz is the manager of Advisor.
• Advisor and Mr. Mintz disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't convey strong positive or negative sentiment.

Management Comments

• Advisor and Mr. Mintz disclaim beneficial ownership of such securities, except to the extent of its / his pecuniary interest therein, and this report shall not be deemed as an admission that either Advisor or Mr. Mintz is the beneficial owner of such securities for purposes of Section 16 or otherwise.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates changes in Sabby Management's ownership position in Volcon, Inc.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects a change in ownership by a significant shareholder.

Key Dates

Keywords

Volcon, Inc., Sabby Management, LLC, Form 4, Beneficial Ownership, Share Acquisition, VLCN, Securities