Skip to content

4Accepted Oct 1, 8:00 PM ET

Virtuix (VTIX) CFO Thomas McGinnis Receives RSU Awards

VTIXVirtuix Holdings Inc.

Accepted (ET)

8:00 PM

Oct 1, 2026

Filed

Oct 1, 2026

Documents

1

Size

7.8 KB

Summary

Virtuix (VTIX) CFO Thomas McGinnis Receives RSU Awards

Updated

What Happened

  • Thomas Lynn McGinnis, Chief Financial Officer of Virtuix Holdings, received two restricted stock unit (RSU) awards: 12,539 RSUs granted April 1, 2026, and 100,000 RSUs granted September 29, 2026. Both grants were awarded at $0.00 per RSU (contingent rights to one share each), so the reported acquisition value at grant is $0. These are awards (A), not purchases or sales.

Key Details

  • Dates and amounts: Apr 1, 2026 — 12,539 RSUs; Sep 29, 2026 — 100,000 RSUs. Grant price reported as $0.00 for both.
  • Total RSUs granted in this filing: 112,539.
  • Shares owned after transaction: Not specified in the Form 4 filing.
  • Vesting (per footnotes): For each grant, 25% vests on the first anniversary of the vesting start date, with the remaining 75% vesting in equal quarterly installments through the fourth anniversary, subject to continuous service. Each RSU converts to one share upon vesting.
  • Timeliness: The April 1, 2026 grant was inadvertently not reported on a timely basis (late filing noted for that grant).

Context

  • RSU awards are compensation grants and do not represent an open-market purchase or sale; they convey a contingent right to company shares upon vesting. No exercises, sales, tax-withholding, or 10b5-1 plans are indicated in this filing. The late reporting of the April grant is disclosed but the substance of the grant and its standard multi-year vesting schedule are documented in the footnotes.

AI-written summary · check the filing