Kendall Larsen - Jul 5, 2023 Form 4 Insider Report for VirnetX Holding Corp (VHC)

Role
President & CEO, Director, 10%+ Owner
Signature
/s/ Kendall Larsen
Stock symbol
VHC
Transactions as of
Jul 5, 2023
Transactions value $
$0
Form type
4
Date filed
7/7/2023, 05:54 PM
Previous filing
Jun 7, 2023
Next filing
May 23, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VHC Common Stock Award $0 +56.3K +0.87% $0.00 6.49M Jul 5, 2023 Direct F1
transaction VHC Common Stock Award $0 +28.2K +3.51% $0.00 830K Jul 5, 2023 By: Spouse F1
holding VHC Common Stock 614K Jul 5, 2023 By: The Kathleen Sheehan Revocable Trust dtd 2/5/2009
holding VHC Common Stock 300K Jul 5, 2023 By: The K2 Investment Fund LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1/48 of the total number of restricted shares ("Restricted Stock") shall vest and become exercisable on the one-month anniversary of the grant date, and 1/48 of the total number of Restricted Stock 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 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.