Short Robert D III 4
4 · VirnetX Holding Corp · Filed Nov 14, 2024
Insider Transaction Report
Form 4
Short Robert D III
Director
Transactions
- Award
Common Stock
2024-11-12+30,000→ 31,906 total
Holdings
- 11,278(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]1/4 of the total number of restricted shares ("Restricted Stock") shall vest and become exercisable on the one-year anniversary of the grant date, and 1/4 of the total number of Restricted Stock shall vest and become exercisable on each yearly anniversary thereafter, so long as the individual's continuous status as a Service Provider (as defined in the Company's Amended and Restated 2013 Equity Incentive Plan) has not terminated prior to each such date. If a Change in Control occurs, all of the Restricted Stock then unvested as of the date of the Change in Control, will vest and become exercisable immediately prior to the consummation of the Change in Control transaction.
- [F2]The number of shares beneficially owned reflects the Issuer's 1-for-20 reverse stock split effected October 25, 2023.
- [F3]Reflects the issuance of vested Restricted Stock Units directly to The Short Revocable Living Trust.