VirnetX (VHC) Director Gary Feiner Sells Shares

What Happened

• Gary Feiner, a director of VirnetX Holding Corp. (VHC), reported sales of common stock (code S). The filing lists three disposals: 3,749 shares at $11.17 for $41,884 (8/31/2026), 1 share at $12.03 for $12 (8/31/2026), and 3,750 shares at $11.00 for $41,254 (9/1/2026). The combined proceeds reported are $83,150. These were sales (not purchases), which are often routine dispositions rather than an explicit bullish signal.

Key Details

• Transaction dates and reported amounts:
  • 2026-08-31: 3,749 shares @ $11.17 — $41,884
  • 2026-08-31: 1 share @ $12.03 — $12
  • 2026-09-01: 3,750 shares @ $11.00 — $41,254
• Total shares sold: 7,500 (sum of reported lots); total proceeds: $83,150.
• Footnotes:
  • F1: Sales were effected under a Rule 10b5-1 trading plan adopted May 29, 2026.
  • F2/F3: The filing notes weighted‑average sale price ranges (roughly $10.63–$11.615 per share); the reporter will provide per‑price breakdowns on request.
• Shares owned after the transactions: Not specified in the provided filing details.
• Filing timeliness: Form 4 was filed Sep 2, 2026 for transactions on Aug 31 and Sep 1; the filing shows no late‑filing indication in the provided data.

Context

• These were open‑market sales executed pursuant to a pre‑arranged 10b5‑1 plan, which can help insiders sell shares on a set schedule and reduce concerns about trading on nonpublic information. For retail investors, purchases generally convey more direct insider conviction than routine sales; this filing documents routine disposals rather than new insider buys.