Kendall Larsen - Jul 5, 2023 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: Jul 5, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/7/2023, 05:54 PM
Previous filing: Jun 7, 2023
Next filing: May 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VHC	Common Stock	Award	$0	+56.3K	+0.87%	$0.00	6.49M	Jul 5, 2023	Direct	F1
transaction	VHC	Common Stock	Award	$0	+28.2K	+3.51%	$0.00	830K	Jul 5, 2023	By: Spouse	F1
holding	VHC	Common Stock						614K	Jul 5, 2023	By: The Kathleen Sheehan Revocable Trust dtd 2/5/2009
holding	VHC	Common Stock						300K	Jul 5, 2023	By: The K2 Investment Fund LLC

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

Explanation of Responses:

Id	Content
F1	1/48 of the total number of restricted shares ("Restricted Stock") shall vest and become exercisable on the one-month anniversary of the grant date, and 1/48 of the total number of Restricted Stock 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 Company's Amended and Restated 2013 Equity Incentive Plan) has not terminated prior to each such date. If a Change in Control occurs, all of the Restricted Stock 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

1/48 of the total number of restricted shares ("Restricted Stock") shall vest and become exercisable on the one-month anniversary of the grant date, and 1/48 of the total number of Restricted Stock 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 Company's Amended and Restated 2013 Equity Incentive Plan) has not terminated prior to each such date. If a Change in Control occurs, all of the Restricted Stock 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.