Rootsaert Rodney Gerard 4
Research Summary
AI-generated summary
VolitionRx (VNRX) Sec. Rodney Rootsaert Cancels 3,321 Shares
What Happened
- Rodney Gerard Rootsaert, Secretary of VolitionRx Ltd. (VNRX), had 3,321 shares of common stock cancelled by the company on 2026-03-01 to satisfy tax withholding related to the settlement of restricted stock units (RSUs). The withheld shares were valued at $0.21 each, totaling approximately $707.
- The filing notes 7,908 RSUs were settled in lieu of cash compensation; after withholding 3,321 shares for taxes, roughly 4,587 net shares were implied to be delivered to the reporting person.
Key Details
- Transaction date: 2026-03-01; Filing date: 2026-03-03 (appears timely).
- Reported disposition: 3,321 shares withheld/cancelled at $0.21 per share; aggregate value ≈ $707.
- Footnote: The withheld shares were retained by VolitionRx to satisfy tax withholding on RSU settlement (no open-market sale occurred).
- Ownership note: Some common stock holdings are held directly by Concord International, Inc.; Rootsaert is a controlling director of Concord and shares voting/dispositive control over those shares.
- Shares owned after the transaction: Not specified in the Form 4.
Context
- This is a tax-withholding (F-code) transaction tied to RSU settlement, not a market sale—common when companies issue equity in lieu of cash and withhold shares to cover taxes.
- Such withholding transactions are routine administrative matters and do not by themselves indicate a buy or sell signal by the insider.