Darl C. Mcbride - Jan 1, 2024 Form 3 Insider Report for VirnetX Holding Corp (VHC)

Role: Chief Operating Officer
Signature: /s/ Kendall Larsen, Attorney-in-fact for Darl C. McBride
Stock symbol: VHC
Transactions as of: Jan 1, 2024
Transactions value $: $0
Form type: 3
Date filed: 1/3/2024, 04:03 PM
Next filing: Apr 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VHC	Common Stock						1.97K	Jan 1, 2024	Direct	F1

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)							Jan 1, 2024	Common Stock	6K	$103.60	Direct	F2
holding	VHC	Stock Option (Right to Buy)							Jan 1, 2024	Common Stock	1K	$29.80	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Certain of these shares are represented by restricted stock units ("RSUs") and restricted stock awards ("RSAs"). The RSUs and RSAs represent the Reporting Person's right to receive shares of the Common Stock of the Issuer subject to the applicable vesting schedule and the Reporting Person's continued status as a Service Provider (as defined in the 2013 Equity Incentive Plan (the "Plan")).
F2	1/4 of the total number of Shares subject to the Option vested and became 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.
F3	1/48 of the total number of Shares subject to the Option vested and became exercisable on July 7, 2022, 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.