VirnetX Holding Corp (VHC) grants director 7,500 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Angelo Michael F
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,209 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 7,500 shares
Shares owned after grant: 29,209 shares
Grant price per share: $0.0000 per share
3 metrics
Restricted stock grant
7,500 shares
Award of VirnetX common stock to director Angelo
Shares owned after grant
29,209 shares
Director Michael F. Angelo’s direct holdings post-transaction
Grant price per share
$0.0000 per share
Indicates compensation award, not market purchase
Key Terms
Restricted Stock, Change in Control, Equity Incentive Plan
3 terms
Restricted Stock financial
"The total number of restricted shares ("Restricted Stock") shall vest on the earlier of..."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Change in Control financial
"If a Change in Control occurs, all of the Restricted Stock then unvested..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Equity Incentive Plan financial
"as defined in the Company's Amended and Restated 2013 Equity Incentive Plan..."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
FAQ
What insider transaction did VirnetX Holding Corp (VHC) report for Michael F. Angelo?
VirnetX reported that director Michael F. Angelo received a grant of 7,500 shares of restricted common stock. This is a stock-based compensation award, not an open-market purchase or sale, and increases his direct ownership position in the company.
How does a change in control affect Michael F. Angelo’s restricted VirnetX stock?
If a change in control occurs, all unvested restricted shares held by Michael F. Angelo will vest immediately before completion of the transaction. This acceleration provision protects the award from being forfeited if the company undergoes a qualifying control change.
Was Michael F. Angelo’s VirnetX stock grant an open-market purchase or sale?
No, the filing shows a grant or award acquisition of 7,500 restricted shares at a price per share of $0.0000. This indicates a compensation-related equity award, not an open-market trade involving the purchase or sale of existing shares.