VirnetX (VHC) 10% Owner Larsen Kendall Sells Shares

What Happened
Larsen Kendall, a 10% owner of VirnetX Holding Corp (VHC), disposed of a total of 20,425 shares in three open‑market sales between 2026‑09‑10 and 2026‑09‑14. Reported trades: 8,000 shares on 2026‑09‑10 at $11.48 ($91,864), 8,000 shares on 2026‑09‑11 at $11.37 ($90,984), and 4,425 shares on 2026‑09‑14 at $11.17 ($49,445), for aggregate proceeds of roughly $232,293. These were sales (dispositions), not purchases.

Key Details

• Transaction dates/prices/values:
  • 2026‑09‑10: Sold 8,000 shares @ $11.48 — $91,864
  • 2026‑09‑11: Sold 8,000 shares @ $11.37 — $90,984
  • 2026‑09‑14: Sold 4,425 shares @ $11.17 — $49,445
• Total shares sold: 20,425; total proceeds ≈ $232,293.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Sales were effected under a Rule 10b5‑1 trading plan adopted May 29, 2026 (pre‑scheduled trades).
  • F2–F4: Reported sale prices are weighted averages; the filing lists price ranges ($11.06–$11.99; $11.16–$11.62; $10.71–$11.60) and says the reporting person will provide per‑price breakdowns on request.
• Filing timeliness: The Form 4 was filed on 2026‑09‑14 covering trades from 2026‑09‑10 to 2026‑09‑14; this filing appears to be within the SEC Form 4 reporting window and is not marked late.

Context
As a 10% owner, Kendall is a significant shareholder but not necessarily an executive; trades by 10% owners can be driven by portfolio/estate planning and, when done under a 10b5‑1 plan, are generally pre‑arranged and routine. Sales reduce holdings but do not by themselves indicate company outlook; purchases are typically viewed as a stronger signal of insider conviction. For a more detailed breakdown of how many shares were sold at each specific price within the ranges, the filing notes that that information is available upon request.