VirnetX director granted 7,500 restricted shares
Angelo Michael F reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Angelo Michael F reported acquisition or exercise transactions in this Form 4 filing.
VirnetX Holding Corp director Michael F. Angelo received a grant of 7,500 shares of restricted common stock. The award was granted at no cash cost per share and increases his direct holdings to 29,209 shares. The restricted shares will vest in full on the earlier of the one-year anniversary of the grant date or the day before VirnetX’s 2027 annual stockholders’ meeting, provided he remains a service provider. Any unvested restricted shares will fully vest immediately before a qualifying change in control of the company.
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 insider transaction did VirnetX Holding Corp (VHC) report for Michael F. Angelo?
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Was Michael F. Angelo’s VirnetX stock grant an open-market purchase or sale?
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