Form 4: Sabby Management LLC Reports Common Stock Transactions in Volcon, Inc.

Sabby Management LLC reports the acquisition of Volcon, Inc. common stock through open market purchases on August 12 and 13, 2024.

Summary

• Sabby Management LLC filed a Form 4 disclosing transactions in Volcon, Inc. (VLCN) common stock.
• On August 12, 2024, Sabby Management acquired 6,087 shares at a price of $1.6421 per share.
• On August 13, 2024, they acquired 3,372 shares at a price of $1.6795 per share.
• Following these transactions, Sabby Volatility Warrant Master Fund, Ltd. (SVWMF) beneficially owns 663,588 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 regulatory filing detailing stock transactions. It doesn't convey strong positive or negative sentiment, focusing instead on factual reporting.

Management Comments

• Each of Advisor and Mr. Mintz disclaims for purposes of Section 16 of the Securities and Exchange Act of 1934 (Section 16), 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

This filing reflects the ongoing trading activity of a significant shareholder in Volcon, Inc., an electric powersports company. Monitoring such filings provides insights into investor sentiment and potential future stock movements.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership percentage.
• The filing provides transparency to stakeholders regarding the trading activities of a major shareholder.

Key Dates

Keywords

Form 4, Volcon, Inc., Sabby Management LLC, Stock Acquisition, Beneficial Ownership, VLCN, Hal Mintz, SVWMF