Robert D. Short III - 12 Nov 2024 Form 4 Insider Report for VirnetX Holding Corp (VHC)

Signature
/s/ Kendall Larsen, Attorney-in-fact for Robert D. Short III
Issuer symbol
VHC
Transactions as of
12 Nov 2024
Net transactions value
$0
Form type
4
Filing time
14 Nov 2024, 16:05:12 UTC
Previous filing
07 Jul 2023
Next filing
25 Jun 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VHC Common Stock Award $0 +30,000 +1574% $0.000000 31,906 12 Nov 2024 Direct F1, F2, F3
holding VHC Common Stock 11,278 12 Nov 2024 By: The Short Revocable Living Trust F2, F3
* 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.
F2 The number of shares beneficially owned reflects the Issuer's 1-for-20 reverse stock split effected October 25, 2023.
F3 Reflects the issuance of vested Restricted Stock Units directly to The Short Revocable Living Trust.