Plummer Nicholas 4
Research Summary
AI-generated summary
VolitionRx (VNRX) GC Nicholas Plummer Withholds 7,003 Shares for Taxes
What Happened
- Nicholas Plummer, General Counsel of Volition Diagnostics (VolitionRx Ltd), had 7,003 common shares withheld to satisfy tax withholding related to the settlement of 14,900 restricted stock units (RSUs). The withholding was reported as a disposition at $0.19 per share for a total value of $1,331.
- This was a tax-withholding/cashless-like transaction (transaction code F), not an open-market sale by the insider.
Key Details
- Transaction date: 2026-03-17; Filing date (Form 4): 2026-03-19 (timely filing).
- Price and value: 7,003 shares at $0.19 each = $1,331 total (withheld/cancelled).
- Shares retained/cancelled: VolitionRx retained the 7,003 shares to satisfy tax withholding on 14,900 RSUs — no shares were sold by the reporting person or the company per the filing footnote.
- Shares owned after transaction: not disclosed in this filing.
- Footnote: Confirms the withholding was to satisfy tax obligations on RSU settlement and that no open-market sale occurred.
Context
- Tax-withholding via share retention is common when RSUs vest; it reduces the insider’s outstanding shares without an open-market sale and doesn’t necessarily indicate a buying or selling signal.
- For investors assessing insider activity, purchases are typically more informative than routine withholding events; this filing documents compensation-tax mechanics rather than a change in trading sentiment.