Gaetan Michel - Jun 23, 2022 Form 4 Insider Report for VOLITIONRX LTD (VNRX)

Role: Chief Operating Officer
Signature: /s/ Gaetan Michel
Stock symbol: VNRX
Transactions as of: Jun 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/24/2022, 04:03 PM
Previous filing: Apr 8, 2022
Next filing: Oct 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VNRX	Common Stock	Award	$0	+25.9K	+172.46%	$0.00	40.9K	Jun 23, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VNRX	Stock Option (Right to Buy)	Award	$0	+47.7K	+185.71%	$0.00	73.4K	Jun 23, 2022	Common Stock	47.7K	$3.40	Direct	F2

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

Explanation of Responses:

Id	Content
F1	On October 4, 2021, the reporting person was awarded 39,809 restricted stock units, subject to vesting upon achievement of certain corporate performance goals on or prior to July 1, 2022 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 25,876 restricted stock units vesting. The restricted stock units are further subject to a 2-year time-based vesting schedule, vesting in two installments of 12,939 units and 12,937 units on each of October 4, 2022 and October 4, 2023, respectively. Upon vesting and settlement, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. As reported in April 2022, the rights with respect to the remaining 13,933 restricted stock units subject to the award previously vested and remain subject to time-based vesting.
F2	On October 4, 2021, the reporting person was granted an option to purchase 73,360 shares of common stock, subject to vesting upon achievement of certain corporate performance goals on or prior to July 1, 2022 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 47,684 shares vesting. The vested shares are further subject to a 2-year time based vesting schedule, vesting in two equal installments of 23,842 shares on each of October 4, 2022 and October 4, 2023, respectively. As reported in April 2022, the rights with respect to the remaining 25,676 shares subject to the award previously vested and remain subject to time-based vesting.

Content

On October 4, 2021, the reporting person was awarded 39,809 restricted stock units, subject to vesting upon achievement of certain corporate performance goals on or prior to July 1, 2022 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 25,876 restricted stock units vesting. The restricted stock units are further subject to a 2-year time-based vesting schedule, vesting in two installments of 12,939 units and 12,937 units on each of October 4, 2022 and October 4, 2023, respectively. Upon vesting and settlement, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. As reported in April 2022, the rights with respect to the remaining 13,933 restricted stock units subject to the award previously vested and remain subject to time-based vesting.

On October 4, 2021, the reporting person was granted an option to purchase 73,360 shares of common stock, subject to vesting upon achievement of certain corporate performance goals on or prior to July 1, 2022 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 47,684 shares vesting. The vested shares are further subject to a 2-year time based vesting schedule, vesting in two equal installments of 23,842 shares on each of October 4, 2022 and October 4, 2023, respectively. As reported in April 2022, the rights with respect to the remaining 25,676 shares subject to the award previously vested and remain subject to time-based vesting.