Darl C. Mcbride - Jan 1, 2024 Form 4 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: 4
Date filed: 1/3/2024, 04:04 PM
Next filing: Apr 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VHC	Common Stock	Award	$0	+6K	+304.72%	$0.00	7.97K	Jan 1, 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	1/2 of the total number of restricted shares ("Restricted Stock") shall vest and become exercisable on the one-year anniversary of the grant date, and the remaining shares of Restricted Stock shall vest on the one year anniversary thereafter, so long as the Reporting Person's continuous status as a Service Provider (as defined in the Company's 2013 Equity Incentive Plan) has not terminated prior to 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

1/2 of the total number of restricted shares ("Restricted Stock") shall vest and become exercisable on the one-year anniversary of the grant date, and the remaining shares of Restricted Stock shall vest on the one year anniversary thereafter, so long as the Reporting Person's continuous status as a Service Provider (as defined in the Company's 2013 Equity Incentive Plan) has not terminated prior to 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.