Katherine Allanson - Sep 15, 2021 Form 3 Insider Report for VirnetX Holding Corp (VHC)

Role: Chief Financial Officer
Signature: /s/ Kendall Larsen, Attorney-in-fact for Katherine Allanson
Stock symbol: VHC
Transactions as of: Sep 15, 2021
Transactions value $: $0
Form type: 3
Date filed: 9/17/2021, 04:03 PM
Next filing: Jul 7, 2023

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
holding	VHC	Stock Option (Right to Buy)							Sep 15, 2021	Common Stock	10K	$5.18	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Shares underlying this Option shall vest and become exercisable in accordance with the following schedule: 1/4 of the total number of Shares subject to the Option shall vest and become exercisable on December 18, 2021, 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.

Content

The Shares underlying this Option shall vest and become exercisable in accordance with the following schedule: 1/4 of the total number of Shares subject to the Option shall vest and become exercisable on December 18, 2021, 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.