VirnetX director granted 7,500 restricted shares
Feiner Gary reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Feiner Gary reported acquisition or exercise transactions in this Form 4 filing.
VirnetX Holding Corp director Gary Feiner received an award of 7,500 shares of common stock as restricted stock. These shares were granted at no purchase price and increase his direct holdings to 24,374 shares following the award.
The restricted shares will vest on the earlier of the one-year anniversary of the grant date or the close of business on the day prior to VirnetX’s 2027 annual meeting of stockholders, provided he maintains continuous service. If a Change in Control occurs, all unvested restricted shares will fully 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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