Micallef Jacob Vincent 4
Research Summary
AI-generated summary
VolitionRx CSO Jacob Micallef Withholds 5,310 Shares for Taxes
What Happened
Micallef Jacob Vincent (Chief Scientific Officer) had 5,310 shares of VolitionRx (VNRX) retained/cancelled by the company to satisfy tax withholding obligations upon settlement of 11,800 restricted stock units (RSUs). The withholding was recorded at $0.19 per share, totaling roughly $1,009. This was a tax-withholding/cashless-cancellation transaction (code F), not an open-market sale by the insider.
Key Details
- Transaction date: 2026-03-17; Filing date: 2026-03-19 (filed within the typical 2-business-day window).
- Price used for withholding: $0.19 per share.
- Shares withheld/cancelled: 5,310; value ≈ $1,009.
- Trigger: Settlement of 11,800 RSUs (per footnote). No shares were sold by the reporting person or by VolitionRx in the transaction.
- Ownership note: Some common stock is held directly by Borlaug Limited; Micallef is a controlling director of Borlaug Limited and has voting/dispositive control over those shares (per footnote).
- Transaction code: F (payment of exercise price or tax liability / withholding).
Context
This is a routine tax-withholding action related to RSU settlement (a form of equity compensation). Because shares were withheld/cancelled to cover taxes rather than sold on the open market, this action does not directly signal a buy or sell decision by the insider.