SEC FORM 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person ^*

Mongeon Alexandre

(Last)

(First)

(Middle)

730 BOULEVARD DU CURE-BOIVIN

(Street)

BOISBRIAND

J7G 2A7

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/01/2026

3. Issuer Name and Ticker or Trading Symbol
Vision Marine Technologies Inc. [ VMAR ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	1	D
Common Shares	2	I	Corporation controlled by Alexandre Mongeon

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options	03/25/2030	03/25/2030	Common Share	1	22,734,000	D
Restricted Stock Unit	⁽¹⁾	⁽²⁾	Common Share	125	0	D

Explanation of Responses:

1. The 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.

2. The 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.

	/s/ Mongeon Alexandre	09/01/2026
	** 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).
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