VirnetX CEO sells 14,575 shares under plan
Rhea-AI Filing Summary
VirnetX Holding Corp (VHC) reports that its President & CEO and ten percent owner, Kendall Larsen, sold a total of 14,575 shares of common stock in open-market transactions on August 31, 2026, September 1, 2026, and September 2, 2026, under a Rule 10b5-1 trading plan adopted on May 29, 2026. Indirect holdings reported as of August 31, 2026, include 74,649 shares held by a spouse, 30,676 shares held by the Kathleen Sheehan Revocable Trust, and 15,000 shares held by The K2 Investment Fund LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 14,575 shares
Net Sell
7 txns
Insider
Larsen Kendall
Role
President & CEO
Sold
14,575 shs ($163K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F4 | 4,057 | $11.426 | $46K |
| Sale | Common Stock F1, F5 | 518 | $12.132 | $6K |
| Sale | Common Stock F1, F3 | 5,000 | $11.001 | $55K |
| Sale | Common Stock F1, F2 | 5,000 | $11.168 | $56K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 360,058 shares (Direct);
Common Stock — 74,649 shares (Indirect, By: Spouse);
Common Stock — 30,676 shares (Indirect, By: The Kathleen Sheehan Revocable Trust dtd 2/5/2009);
Common Stock — 15,000 shares (Indirect, By: The K2 Investment Fund LLC)
Footnotes (5)
- F1. The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted on May 29, 2026.
- F2. This sale price represents the weighted average sale price of the shares sold ranging from $11.00 to $11.63 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F3. This sale price represents the weighted average sale price of the shares sold ranging from $10.63 to $11.545 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F4. This sale price represents the weighted average sale price of the shares sold ranging from $10.96 to $11.89 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
- F5. This sale price represents the weighted average sale price of the shares sold ranging from $12.12 to $12.15 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
Key Figures
Total shares sold: 14,575 shares
Sale on August 31, 2026 (first block): 5,000 shares at $11.17 weighted average
Sale on September 1, 2026: 5,000 shares at $11.00 weighted average
+5 more
8 metrics
Total shares sold
14,575 shares
Open-market sales of VirnetX common stock reported for August 31 to September 2, 2026
Sale on August 31, 2026 (first block)
5,000 shares at $11.17 weighted average
Weighted average price with a range of $11.00 to $11.63 per share
Sale on September 1, 2026
5,000 shares at $11.00 weighted average
Weighted average price with a range of $10.63 to $11.545 per share
Sale on September 2, 2026 (4,057-share block)
4,057 shares at $11.43 weighted average
Weighted average price with a range of $10.96 to $11.89 per share
Sale on September 2, 2026 (518-share block)
518 shares at $12.13 weighted average
Weighted average price with a range of $12.12 to $12.15 per share
Indirect holdings by spouse
74,649 shares
Indirect beneficial ownership reported as of August 31, 2026, held by spouse
Indirect holdings by Kathleen Sheehan Revocable Trust
30,676 shares
Indirect beneficial ownership reported as of August 31, 2026, held by revocable trust
Indirect holdings by The K2 Investment Fund LLC
15,000 shares
Indirect beneficial ownership reported as of August 31, 2026, held by investment fund
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, Revocable Trust, investment fund
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported by the Reporting Person were effected pursuant to a Rule 10b5-1 trading plan adopted on May 29, 2026."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"This sale price represents the weighted average sale price of the shares sold ranging from $11.00 to $11.63 per share."
Revocable Trust financial
"By: The Kathleen Sheehan Revocable Trust dtd 2/5/2009"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
investment fund financial
"By: The K2 Investment Fund LLC"
FAQ
What insider trading activity did VirnetX (VHC) report for Kendall Larsen?
VirnetX reported that President & CEO and ten percent owner Kendall Larsen sold 14,575 shares of common stock in a series of open-market transactions on August 31, 2026, September 1, 2026, and September 2, 2026, according to the Form 4 filing.
Were the recent VirnetX (VHC) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states that the sales reported by the reporting person were effected pursuant to a Rule 10b5-1 trading plan adopted on May 29, 2026, indicating the transactions were pre-arranged under that plan.
What roles does Kendall Larsen hold at VirnetX (VHC) according to the Form 4?
The reporting person, Kendall Larsen, is identified as a director, the company’s President & CEO, and a ten percent owner of VirnetX Holding Corp in the Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.