VirnetX (VHC) 10% Owner Larsen Kendall Sells Shares

What Happened

• Larsen Kendall, listed as a 10% owner of VirnetX Holding Corp (VHC), sold a total of 14,575 shares in open-market transactions between Aug 31 and Sep 2, 2026, for aggregate proceeds of approximately $163,484. Trades reported:
  • 2026-08-31: 5,000 shares at $11.17 — $55,840
  • 2026-09-01: 5,000 shares at $11.00 — $55,005
  • 2026-09-02: 4,057 shares at $11.43 — $46,355
  • 2026-09-02: 518 shares at $12.13 — $6,284
• These transactions are sales (S), which are often routine dispositions; they are not purchases (which can be a stronger bullish signal).

Key Details

• Transaction dates/prices: Aug 31 ($11.17), Sep 1 ($11.00), Sep 2 ($11.43 & $12.13).
• Total shares sold: 14,575; total proceeds: ~$163,484.
• Shares owned after transaction: Not disclosed in this Form 4 filing.
• Notable footnotes: Sales were effected under a Rule 10b5-1 trading plan adopted May 29, 2026. The filing notes reported sale prices are weighted averages across price ranges (roughly $10.63–$12.15) and that the filer will provide per-price breakdowns upon request.
• Filing timeliness: Form 4 was filed on Sep 2, 2026 (same day as last reported trades); the filing does not indicate a late-reporting flag.

Context

• As a 10% owner, Larsen Kendall is a significant shareholder rather than necessarily an operating executive; sales under a pre-arranged 10b5-1 plan are typically automated and can reflect scheduled liquidity rather than current company views.
• For retail investors, purchases generally carry more immediate interpretive weight than scheduled or plan-based sales; this filing documents disposition activity and the existence of a 10b5-1 plan but does not by itself signal company performance.