Kendall Larsen - Jun 14, 2021 Form 4 Insider Report for VirnetX Holding Corp (VHC)

Role
President & CEO, Director, 10%+ Owner
Signature
/s/ Kendall Larsen
Stock symbol
VHC
Transactions as of
Jun 14, 2021
Transactions value $
$0
Form type
4
Date filed
6/16/2021, 07:14 PM
Next filing
Nov 26, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VHC Common Stock Award $0 +26.7K +0.42% $0.00 6.41M Jun 14, 2021 Direct F1
transaction VHC Common Stock Award $0 +13.3K +2.43% $0.00 563K Jun 14, 2021 By: Spouse F1
holding VHC Common Stock 614K Jun 14, 2021 By: The Kathleen Sheehan Revocable Trust dtd 2/5/2009
holding VHC Common Stock 300K Jun 14, 2021 By: The K2 Investment Fund LLC

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VHC Stock Option (Right to Buy) Award $0 +40K $0.00 40K Jun 14, 2021 Common Stock 40K $4.59 Direct F2
transaction VHC Stock Option (Right to Buy) Award $0 +55K $0.00 55K Jun 14, 2021 Common Stock 55K $4.59 Direct F2
transaction VHC Stock Option (Right to Buy) Award $0 +20K $0.00 20K Jun 14, 2021 Common Stock 20K $4.59 By: Spouse F2
transaction VHC Stock Option (Right to Buy) Award $0 +44K $0.00 44K Jun 14, 2021 Common Stock 44K $4.59 By: Spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Twenty-five percent (25%) of the Restricted Stock Units ("RSUs") will vest on the one (1) year anniversary of the grant date, and twenty-five percent (25%) of the RSUs will vest each year thereafter on the same day as the grant date, subject to Participant continuing to be a Service Provider (as defined in the Company's 2013 Equity Incentive Plan (the "Plan")) through each such date. If a Change in Control (as defined in the Plan) occurs, all of the RSUs then unvested as of the date of the Change in Control will vest immediately prior to the consummation of the Change in Control transaction.
F2 1/48 of the total number of Shares subject to the Option shall vest and become exercisable on the one- month anniversary of the grant date, and 1/48 of the total number of Shares subject to the Option shall vest and become exercisable on each monthly anniversary thereafter, so long as the individual's continuous status as a Service Provider (as defined in the Plan) has not terminated prior to each such date. If a Change in Control (as defined in the Plan) occurs, all of the Shares underlying this Option then unvested as of the date of the Change in Control, will vest and become exercisable immediately prior to the consummation of the Change in Control transaction.