VirnetX (VHC) CFO Katherine Allanson Withholds 100 Shares for Taxes

What Happened

• Katherine Allanson, Chief Financial Officer of VirnetX Holding Corp (VHC), had 100 shares withheld by the company to satisfy income tax and withholding obligations related to previously reported restricted stock awards. The shares were withheld at $11.95 per share for a total value of $1,195. This was a tax-withholding event—not an open-market sale by the reporting person.

Key Details

• Transaction date: 2026-07-06; Filing date (Form 4): 2026-07-13.
• Price per share: $11.95; Total value withheld: $1,195.
• Shares withheld to satisfy tax withholding (transaction code F); footnote confirms these shares were withheld by the issuer and do not represent a sale by the reporting person (F1).
• Shares owned after the transaction: not disclosed in the filing.
• Timing: The Form 4 was filed on July 13 for a July 6 transaction (7 days later), which is outside the typical 2-business-day reporting window for Form 4 filings.

Context

• Withholding shares to cover taxes on restricted stock awards is a routine administrative action and does not necessarily indicate the insider’s sentiment about the company’s stock. The transaction is small in dollar terms (about $1.2k) and was executed by the issuer to satisfy tax obligations rather than through a market sale.