Gaetan Michel - 04 Oct 2022 Form 4 Insider Report for VOLITIONRX LTD (VNRX)

Signature
/s/ Gaetan Michel
Issuer symbol
VNRX
Transactions as of
04 Oct 2022
Net transactions value
-$10,049
Form type
4
Filing time
06 Oct 2022, 16:05:21 UTC
Previous filing
24 Jun 2022
Next filing
14 Oct 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VNRX Common Stock Tax liability $10,049 -6,883 -17% $1.46 33,997 04 Oct 2022 Direct F1
transaction VNRX Common Stock Award $0 +100,000 +294% $0.000000 133,997 04 Oct 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the aggregate number of shares of common stock retained by VolitionRx for cancellation to satisfy the tax withholding obligations of the reporting person upon settlement of 19,905 restricted stock units. No shares were sold by the reporting person or VolitionRx in such transaction.
F2 On October 4, 2022, the reporting person was awarded 100,000 restricted stock units under the Issuer's 2015 Stock Incentive Plan, subject to vesting upon the achievement of a closing stock price target above $5.00 per share of the Issuer's common stock for a minimum of ten consecutive trading days prior to October 4, 2025, and also subject to time-based vesting in a single installment six months after the timely achievement of the target, if at all. 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