DARL C. MCBRIDE - 01 Jan 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
Issuer symbol: VHC
Transactions as of: 01 Jan 2024
Net transactions value: $0
Form type: 4
Filing time: 03 Jan 2024, 16:04:33 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
transaction	VHC	Common Stock	Award	$0	+6,000	+305%	$0.000000	7,969	01 Jan 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.