VirnetX director granted 7,500 restricted shares
O'BRIEN THOMAS M reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
O'BRIEN THOMAS M reported acquisition or exercise transactions in this Form 4 filing.
VirnetX Holding Corp director Thomas M. O'Brien received a grant of 7,500 shares of restricted common stock on June 11, 2026 as equity compensation. The award carries no purchase price and increases his direct holdings to 35,457 shares.
The restricted shares vest in full on the earlier of the one-year anniversary of the grant date or the close of business on the day before VirnetX's 2027 annual stockholder meeting, provided he remains a service provider through that date. If a Change in Control occurs before then, any unvested restricted shares will vest immediately before the transaction closes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,500 | $0.00 | $0.00 |
Footnotes (1)
- F1. The total number of restricted shares ("Restricted Stock") shall vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the close of business on the day prior to the Company's 2027 annual meeting of stockholders, in each case, so long as the Reporting Person's continuous status as a Service Provider (as defined in the Company's Amended and Restated 2013 Equity Incentive Plan) has not terminated prior to each such date. If a Change in Control occurs, all of the Restricted Stock then unvested as of the date of the Change in Control, will vest immediately prior to the consummation of the Change in Control transaction.
Key Figures
Key Terms
Restricted Stock financial
Change in Control financial
Equity Incentive Plan financial
FAQ
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What did VirnetX (VHC) director Thomas O'Brien report in this Form 4?
What happens to Thomas O'Brien’s VirnetX restricted stock if there is a Change in Control?
Is Thomas O'Brien’s Form 4 transaction a market buy or sell of VirnetX (VHC) stock?
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