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VirnetX (NASDAQ: VHC) officer lines up 35,000-share sale

(Neutral)
(Neutral)
Form Type
144

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.

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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
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.

How many VirnetX (VHC) shares are covered and what is their market value?

The notice covers 35,000 shares of VirnetX common stock with an aggregate market value of $477,050, based on the information provided in the Rule 144 disclosure.

How many VirnetX (VHC) shares are outstanding according to this notice?

The disclosure lists 4,216,633 shares of VirnetX Holding Corp common stock as outstanding, providing context for the size of the 35,000-share proposed sale.

When and how were the VirnetX (VHC) shares to be sold by Kendall Larsen acquired?

The shares were acquired on 04/01/2009 through Restricted Stock Vesting and Stock Option Exercise, as described in the securities to be sold section.

Through which broker and market are the VirnetX (VHC) shares expected to be sold?

The common shares are listed to be sold through Apex Clearing, and the security is identified with trading on Nasdaq.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature