Kendall Larsen - Nov 12, 2024 Form 4 Insider Report for VirnetX Holding Corp (VHC)

Role: President & CEO, Director, 10%+ Owner
Signature: /s/ Kendall Larsen
Stock symbol: VHC
Transactions as of: Nov 12, 2024
Transactions value $: $0
Form type: 4
Date filed: 11/14/2024, 04:05 PM
Previous filing: May 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VHC	Common Stock	Award	$0	+30K	+67.19%	$0.00	74.6K	Nov 12, 2024	By: Spouse	F1
transaction	VHC	Common Stock	Award	$0	+50K	+15.4%	$0.00	375K	Nov 14, 2024	Direct	F1
holding	VHC	Common Stock						30.7K	Nov 12, 2024	By: The Kathleen Sheehan Revocable Trust dtd 2/5/2009
holding	VHC	Common Stock						15K	Nov 12, 2024	By: The K2 Investment Fund LLC

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

Explanation of Responses:

Id	Content
F1	1/4 of the total number of restricted shares ("Restricted Stock") shall vest and become exercisable on the one-year anniversary of the grant date, and 1/4 of the total number of Restricted Stock shall vest and become exercisable on each yearly anniversary thereafter, so long as the individual'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 and become exercisable immediately prior to the consummation of the Change in Control transaction.

Content

1/4 of the total number of restricted shares ("Restricted Stock") shall vest and become exercisable on the one-year anniversary of the grant date, and 1/4 of the total number of Restricted Stock shall vest and become exercisable on each yearly anniversary thereafter, so long as the individual'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 and become exercisable immediately prior to the consummation of the Change in Control transaction.