SEC Form 3 · accession 0001104659-26-104244
Vision Marine Technologies Inc. · VMAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexandre Mongeon
Officer — Chief Executive Officer · Director
Period of report
Sep 1, 2026
Accepted (ET)
Sep 1, 2026 · 2:14 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001813783
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | holding | — | — | — | 1 | D | ||
| Common Shares | holding | — | — | — | 2 | I | Corporation controlled by Alexandre Mongeon |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options | $22,734,000.00 | holding | — | — | — | Mar 25, 2030 | Mar 25, 2030 | Common Share | 1 | — | D |
| Restricted Stock UnitF1,F2 | $0.00 | holding | — | — | — | — | — | Common Share | 125 | — | D |
Explanation of responses
- F1The Restricted Stock Units ("RSUs") vest upon achievement and maintenance of the following market-capitalization thresholds, based on the Company's public market capitalization at the close of trading for ten consecutive business days: - 38 RSUs upon achievement of a market capitalization of $15 million or more; - 37 RSUs upon achievement of a market capitalization of $25 million or more; and - 50 RSUs upon achievement of a market capitalization of $35 million or more.
- F2The contractual life of the RSUs is 10 years from the September 25, 2025 grant date, which would result in an expiration date of September 25, 2035, assuming the Form 3 requires a specific expiration date and this is consistent with the underlying RSU agreement.