Katherine Allanson - 15 Sep 2021 Form 4/A - Amendment Insider Report for VirnetX Holding Corp (VHC)

Role: Chief Financial Officer
Signature: /s/ Kendall Larsen, Attorney-in-fact for Katherine Allanson
Issuer symbol: VHC
Transactions as of: 15 Sep 2021
Net transactions value: $0
Form type: 4/A - Amendment
Filing time: 22 Sep 2021, 16:05:42 UTC
Date Of Original Report: 17 Sep 2021
Next filing: 07 Jul 2023
SEC: View on sec.gov

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	+120,000		$0.000000	120,000	15 Sep 2021	Common Stock	120,000	$4.12	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 the one-year 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.

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 the one-year 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.