SEC Form 4 · accession 0001209191-19-006260
VirnetX Holding Corp · VHC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kendall Larsen
Officer — President & CEO · Director · 10% Owner
Period of report
Jan 29, 2019
Accepted (ET)
Jan 31, 2019 · 5:51 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001082324
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 29, 2019 | M | 75,000 | $1.15 | A | 6,404,710 | D | |
| Common StockF2 | Jan 29, 2019 | S | 75,000 | $4.8845 | D | 6,329,710 | D | |
| Common Stock | holding | — | — | — | 523,119 | I | By: Spouse | |
| Common Stock | holding | — | — | — | 613,530 | I | By: The Kathleen Sheehan Revocable Trust dtd 2/5/2009 | |
| Common Stock | holding | — | — | — | 300,000 | I | By: The K2 Investment Fund LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $1.15 | Jan 29, 2019 | M | 75,000 | D | — | Apr 2, 2019 | Common Stock | 75,000 | 360,425 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
- F2Sale prices ranged from $4.76 to $5.14 per share. Sale price listed represents the weighted average sale price of all 75,000 shares sold. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the shares sold at each separate price.
- F3The shares subject to the option are fully vested and exercisable.