Michael F. Angelo - Jun 16, 2024 Form 4 Insider Report for VirnetX Holding Corp (VHC)

Role: Director
Signature: /s/ Kendall Larsen, Attorney-in-fact for Michael F. Angelo
Stock symbol: VHC
Transactions as of: Jun 16, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/18/2024, 04:30 PM
Previous filing: Jun 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VHC	Common Stock	Award	$0	+7.5K	+102.26%	$0.00	14.8K	Jun 16, 2024	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The total number of restricted shares ("Restricted Stock") shall vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the close of business on the day prior to the Company's 2025 annual meeting of stockholders, in each case, so long as the Reporting Person'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 immediately prior to the consummation of the Change in Control transaction.
F2	The number of shares beneficially owned reflects the Issuer's 1-for-20 reverse stock split effected October 25, 2023.

Content

The total number of restricted shares ("Restricted Stock") shall vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the close of business on the day prior to the Company's 2025 annual meeting of stockholders, in each case, so long as the Reporting Person'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 immediately prior to the consummation of the Change in Control transaction.

The number of shares beneficially owned reflects the Issuer's 1-for-20 reverse stock split effected October 25, 2023.