Virtuix (VTIX) COO Allan Malcolm Exercises 125,000 Options

What Happened
Allan David Robert Malcolm, COO, President and Director of Virtuix Holdings Inc. (VTIX), exercised 125,000 nonstatutory stock options on July 13, 2026. He paid $1.66 per share for the exercise, a total cash cost of $207,500. The filing also reports the corresponding derivative interest (125,000 options) as disposed/converted (reported at $0.00), consistent with exercising the options into common shares. No sale of the acquired shares is reported in the Form 4.

Key Details

• Transaction date: July 13, 2026
• Exercise: 125,000 nonstatutory options @ $1.66/share → $207,500 total (acquired)
• Derivative conversion: 125,000 options reported disposed @ $0.00 (reflects conversion on exercise)
• Footnote: Options were granted under the Virtuix 2025 Long-Term Incentive Plan, fully vested, vesting commencement date Aug 12, 2013, expiration Jan 24, 2035.
• Shares owned after the transaction: Not specified in the filing.
• Timeliness: Form filed July 29, 2026 (16 days after the transaction), which exceeds the typical 2-business-day SEC reporting window.

Context
This was an exercise of vested options rather than an open-market purchase or a sale. Because no sale is reported, it appears the options were converted to shares and retained (not sold immediately), though the filing does not state subsequent disposition. Exercises like this are common for insiders managing option holdings; the late filing should be noted because timely disclosure rules exist to inform investors.