[Form 4] Scilex Holding Co Insider Trading Activity

Rhea-AI Filing Summary

Scilex Holding Co, a more than 10% owner of Datavault AI Inc., reported multiple open‑market sales of Datavault AI common stock. On January 12, 2026, it sold 10,674,816 shares at $0.878 per share. On January 13, 2026, it sold another 175,139 shares at $0.9117 per share, followed by a sale of 5,115,586 shares at $0.7201 per share on January 14, 2026.

After these transactions, Scilex Holding Co reported owning 213,766,229 shares of Datavault AI common stock in direct form. The filing characterizes Scilex as a significant shareholder rather than a director or officer of Datavault AI.

Insights

Equity ownership and insider-transactions analyst

A 10% owner sold Datavault AI shares but still holds a very large stake.

Scilex Holding Co, identified as a more than 10% owner of Datavault AI Inc., reported three open‑market sales of common stock in mid‑January 2026. The sales were for 10,674,816 shares at $0.878, 175,139 shares at $0.9117, and 5,115,586 shares at $0.7201 per share, all coded as "S" for sales.

Even after these transactions, Scilex reported holding 213,766,229 Datavault AI common shares directly, indicating it remains a major shareholder. The document does not describe the sales as being under a pre‑planned trading program in the excerpt provided, nor does it give reasons for the sales, so the economic rationale cannot be inferred from this data alone.

Because Scilex is a corporate 10% owner rather than Datavault AI management, these trades mainly update public information on a significant holder’s position size. Future company filings may provide additional context for any changes in large shareholder ownership levels.

Insider Trade Summary

Net Seller: 15,965,541 shares ($13,215,896)

Net Sell 3 txns

Insider Scilex Holding Co

Role 10% Owner

Sold 15,965,541 shs ($13.22M)

Type	Security	Shares	Price	Value
Sale	Common Stock	5,115,586	$0.7201	$3.68M
Sale	Common Stock	175,139	$0.9117	$160K
Sale	Common Stock	10,674,816	$0.878	$9.37M

Holdings After Transaction: Common Stock — 213,766,229 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Scilex Holding Co

(Last) (First) (Middle)

960 SAN ANTONIO ROAD

(Street)

PALO ALTO 94303

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Datavault AI Inc. [ DVLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/12/2026		S		10,674,816	D	$0.878	219,056,954	D
Common Stock	01/13/2026		S		175,139	D	$0.9117	218,881,815	D
Common Stock	01/14/2026		S		5,115,586	D	$0.7201	213,766,229	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Stephen Ma, Scilex Holding Company, Chief Financial Officer, Chief Operating Officer, and Secretary	01/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who reported the Datavault AI (DVLT) share sales on this Form 4?

The Form 4 reports transactions by Scilex Holding Co, which is identified as a more than 10% owner of Datavault AI Inc. and is not listed as a director or officer of Datavault AI.

How many Datavault AI (DVLT) shares did Scilex Holding Co sell on January 12, 2026?

On January 12, 2026, Scilex Holding Co sold 10,674,816 shares of Datavault AI common stock at a price of $0.878 per share, reported as a code "S" sale.

What additional Datavault AI (DVLT) share sales did Scilex report on January 13 and 14, 2026?

Scilex Holding Co reported selling 175,139 shares of Datavault AI common stock at $0.9117 on January 13, 2026, and 5,115,586 shares at $0.7201 on January 14, 2026, each coded as a sale.

How many Datavault AI (DVLT) shares did Scilex Holding Co own after these transactions?

Following the reported transactions, Scilex Holding Co reported beneficial ownership of 213,766,229 shares of Datavault AI common stock in direct form.

Are there any derivative securities reported for Scilex Holding Co in this Form 4?

The section for derivative securities shows column headings but no entries, indicating that no derivative securities transactions were reported for Scilex Holding Co in this filing.

What is Scilex Holding Cos relationship to Datavault AI (DVLT)?

Scilex Holding Co is reported as a 10% Owner of Datavault AI Inc. and is not marked as a director or officer in this Form 4, highlighting its role as a significant shareholder.