Virtuix (VTIX) COO Allan Malcolm Sells 152,529 Shares
$VTIX · Virtuix Holdings Inc.Research Summary
AI-generated summary of this SEC filing
Virtuix (VTIX) COO Allan Malcolm Sells 152,529 Shares
What Happened
Allan David Robert Malcolm, COO and director of Virtuix Holdings Inc. (VTIX), sold a total of 152,529 shares in two transactions. On 2026-07-29 he sold 74,270 shares at $1.60 each for $118,832, and on 2026-07-30 he sold 78,259 shares at $1.56 each for $122,084, for aggregate proceeds of $240,916. These were sales (not purchases) and are often routine dispositions by insiders.
Key Details
- Transaction dates and prices:
- 2026-07-29: 74,270 shares sold @ $1.60 — proceeds $118,832 (Footnote F1)
- 2026-07-30: 78,259 shares sold @ $1.56 — proceeds $122,084 (Footnote F2)
- Transaction type: S = Sale (open market or private sale as reported)
- Shares owned after the transaction: Not specified in the information provided in this summary/filing excerpt.
- Footnotes: Both sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 31, 2026.
- Filing timeliness: Form 4 was filed on 2026-07-31 following the 2026-07-29 and 2026-07-30 transactions; no late filing is indicated in the provided data.
Context
A Rule 10b5-1 plan allows insiders to sell shares according to a prearranged schedule and is intended to avoid accusations of trading on nonpublic information; such sales are generally viewed as routine and do not necessarily reflect the insider’s current view of the company. For retail investors, purchases by insiders tend to be more informative than routine sales; this filing documents a scheduled disposition under a preexisting plan.