Form 4: UBS Group AG Executes Multiple Transactions in Volcon Inc. Shares

UBS Group AG, a 10% owner of Volcon Inc., reports a series of open market purchases and sales of common stock through a subsidiary.

Summary

• UBS Group AG, through its subsidiary, engaged in multiple transactions involving Volcon, Inc. common stock on July 5th and July 8th, 2024.
• These transactions included both purchases and sales of shares at varying prices.
• The price per share ranged from $4.10 to $4.53.
• The reported transactions resulted in a net decrease in the number of shares indirectly beneficially owned by UBS Group AG.
• Following these transactions, UBS Group AG indirectly owns 24,973 shares of Volcon Inc. common stock through its subsidiary.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey strong positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The transactions may have a minor impact on the short-term stock price of Volcon Inc.
• The filing provides transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Volcon Inc., UBS Group AG, Form 4, Beneficial Ownership, Stock Transactions, VLCN, Securities