DARL C. MCBRIDE - 01 Jan 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
Issuer symbol
VHC
Transactions as of
01 Jan 2024
Net transactions value
$0
Form type
3
Filing time
03 Jan 2024, 16:03:56 UTC
Next filing
25 Apr 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VHC Common Stock 1,969 01 Jan 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) 01 Jan 2024 Common Stock 6,000 $103.60 Direct F2
holding VHC Stock Option (Right to Buy) 01 Jan 2024 Common Stock 1,000 $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.