Richard H. Nance - 14 Jun 2021 Form 4 Insider Report for VirnetX Holding Corp (VHC)

Reporting relationship: Chief Financial Officer
Issuer ticker: VHC
Reported as of: 14 Jun 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 Jun 2021, 19:15:49 UTC
Source filing: View source filing
Reporting owner signature: /s/ Kendall Larsen, Attorney-in-fact for Richard H. Nance

Key filing fact

Richard H. Nance filed Form 4 for VirnetX Holding Corp (VHC) on 16 Jun 2021.

Key facts

This page summarizes Richard H. Nance's Form 4 filing for VirnetX Holding Corp (VHC).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 Jun 2021, 19:15.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VHC transaction

Common Stock

Award

Transaction value: $0
Shares: +6,666
Change %: +20%
Price: $0.000000
Shares after: 40,509
Date: 14 Jun 2021
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VHC transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +10,000
Change %
Price: $0.000000
Shares after: 10,000
Date: 14 Jun 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,000
Exercise price: $4.59
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Twenty-five percent (25%) of the Restricted Stock Units ("RSUs") will vest on the one (1) year anniversary of the grant date, and twenty-five percent (25%) of the RSUs will vest each year thereafter on the same day as the grant date, subject to Participant continuing to be a Service Provider (as defined in the Company's 2013 Equity Incentive Plan (the "Plan")) through each such date. If a Change in Control (as defined in the Plan) occurs, all of the RSUs then unvested as of the date of the Change in Control will vest immediately prior to the consummation of the Change in Control transaction.

Footnote F2

The Shares underlying this Option shall vest and become exercisable in accordance with the following schedule: 1/48 of the total number of Shares subject to the Option shall vest and become exercisable on the one- month anniversary of the grant date, and 1/48 of the total number of Shares subject to the Option shall vest and become exercisable on each monthly anniversary thereafter, so long as the individual's continuous status as a Service Provider (as defined in the Plan) has not terminated prior to each such date. If a Change in Control (as defined in the Plan) occurs, all of the Shares underlying this Option 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.