VirnetX Holding Corp (VHC) CFO has 100 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VirnetX Holding Corp Chief Financial Officer Katherine Allanson reported a routine tax-related share disposition. On July 6, 2026, 100 shares of common stock were withheld by the company at $11.95 per share to satisfy income tax and withholding obligations tied to previously reported restricted stock awards. The footnote clarifies this withholding does not represent an open-market sale by Allanson. Following the transaction, she directly holds 31,205 shares of VirnetX common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Allanson Katherine
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 100 | $11.95 | $1K |
Holdings After Transaction:
Common Stock — 31,205 shares (Direct)
Footnotes (1)
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Key Figures
Shares Withheld for Taxes: 100 shares
Withholding Price: $11.95 per share
Shares Held After Transaction: 31,205 shares
3 metrics
Shares Withheld for Taxes
100 shares
Common stock withheld on July 6, 2026 to satisfy tax obligations
Withholding Price
$11.95 per share
Value used for the 100 VirnetX common shares withheld
Shares Held After Transaction
31,205 shares
Direct VirnetX common stock holdings of the CFO following the withholding
Key Terms
tax-withholding disposition, restricted stock awards, beneficial ownership
3 terms
tax-withholding disposition financial
"transaction_action is described as a tax-withholding disposition of shares"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock awards financial
"obligations in connection with previously reported restricted stock awards"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
beneficial ownership financial
"do not represent a sale by the Reporting Person, affecting beneficial ownership view"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did VirnetX (VHC) report for CFO Katherine Allanson?
VirnetX reported that CFO Katherine Allanson had 100 shares of common stock withheld on July 6, 2026, at $11.95 per share to cover tax obligations from restricted stock awards.
Was the VirnetX (VHC) CFO’s Form 4 transaction an open-market sale?
No. The filing states the 100 shares were withheld by VirnetX to satisfy income tax and withholding obligations on restricted stock awards and do not represent a sale by the CFO.