VirnetX director granted 7,500 restricted shares
Chow Heidy Kingwan reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Chow Heidy Kingwan reported acquisition or exercise transactions in this Form 4 filing.
VirnetX Holding Corp director Heidy Kingwan Chow received a grant of 7,500 shares of common stock as restricted stock on June 11, 2026. The shares were granted at no purchase price and increase her direct holdings to 37,500 shares.
The restricted stock will fully 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, subject to her continued service. Any unvested shares will vest immediately before a Change in Control transaction.
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.
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