VirnetX (NASDAQ: VHC) officer lines up 35,000-share sale
Rhea-AI Filing Summary
VirnetX Holding Corp (VHC) received a Rule 144 notice from officer Kendall Larsen covering a proposed sale of 35,000 shares of common stock through Apex Clearing. The shares, acquired on 04/01/2009 via restricted stock vesting and stock option exercise, have an aggregate market value of $477,050, with 4,216,633 shares of common stock outstanding and an intended sale no later than 08/31/2026.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold: 35,000 shares
Aggregate market value: $477,050
Shares outstanding: 4,216,633 shares
+2 more
5 metrics
Shares to be sold
35,000 shares
Number of VirnetX common shares covered by Kendall Larsen's Rule 144 notice
Aggregate market value
$477,050
Aggregate market value of the 35,000 VirnetX shares to be sold
Shares outstanding
4,216,633 shares
VirnetX common shares outstanding as referenced in the notice
Acquisition date
04/01/2009
Date the shares were acquired via restricted stock vesting and option exercise
Planned sale deadline
08/31/2026
Intended latest date for sale of the 35,000 shares under Rule 144
Key Terms
Rule 144, Restricted Stock Vesting, Stock Option Exercise, aggregate market value
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting financial
"Restricted Stock Vesting and Stock Option Exercise"
Restricted stock vesting is the timetable and conditions under which shares granted to employees or insiders become fully owned and can be sold, typically requiring continued work or meeting performance goals. It matters to investors because large blocks of shares can become tradable at once, which can change share supply and price, and because vesting aligns insiders’ incentives with the company’s long‑term performance—think of it like a timed unlock that both rewards and locks in key people.
Stock Option Exercise financial
"Restricted Stock Vesting and Stock Option Exercise"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
aggregate market value financial
"Common | APEX CLEARING ... | 35000 | 477050 | 4216633"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
FAQ
What does the Form 144 notice for VHC disclose about Kendall Larsen's planned sale?
The notice states that officer Kendall Larsen may sell 35,000 shares of VirnetX Holding Corp common stock under Rule 144 through Apex Clearing, with an intended sale date no later than 08/31/2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.