Robert D. Short III - 05 Jul 2023 Form 4 Insider Report for VirnetX Holding Corp (VHC)

Role: Chief Scientist, Director
Signature: /s/ Kendall Larsen, Attorney-in-fact for Robert D. Short III
Issuer symbol: VHC
Transactions as of: 05 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 07 Jul 2023, 17:55:05 UTC
Previous filing: 14 Jun 2022
Next filing: 14 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VHC	Common Stock	Award	$0	+28,150	+84%	$0.000000	61,486	05 Jul 2023	Direct	F1
holding	VHC	Common Stock						202,217	05 Jul 2023	By: The Short Revocable Living Trust

* 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.