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

Role
Chief Financial Officer
Signature
/s/ Kendall Larsen, Attorney-in-fact for Katherine Allanson
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
Jul 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VHC Common Stock Award $0 +30K +2132.2% $0.00 31.4K Nov 12, 2024 Direct F1, F2
* 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.