VolitionRx (VNRX) CEO reports 74,700-share RSU vesting and updates holdings
Rhea-AI Filing Summary
VolitionRx Ltd. President and CEO Cameron John Reynolds reported an award of 74,700 shares of common stock at $0.00 per share, following the vesting of restricted stock units (RSUs) tied to performance goals. These RSUs come from a March 17, 2025 grant of 249,000 RSUs under the company’s 2024 Stock Incentive Plan, where only a portion vested after certain corporate performance goals were achieved. The vested RSUs are subject to a three-year time-based schedule, with 24,900 units scheduled to vest on each of March 17, 2026, 2027 and 2028, delivering an equal number of common shares upon settlement. After this transaction, Reynolds directly holds 2,629,547 VolitionRx common shares, with additional indirect holdings of 1,007,718 shares through Concord International, Inc. and 34,076 shares held by his spouse.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 74,700 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On March 17, 2025, the reporting person was awarded 249,000 restricted stock units ("RSUs") under the Issuer's 2024 Stock Incentive Plan, subject to vesting upon the achievement of certain corporate performance goals on or prior to June 30, 2025 and December 31, 2025 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 74,700 RSUs vesting. The RSUs are further subject to a 3-year time-based vesting schedule, vesting in three equal installments of 24,900 units on each of March 17, 2026, 2027 and 2028, respectively. Upon vesting and settlement, the reporting person will receive a number of shares of common stock equal to the number of RSUs that have vested. The rights with respect to the remaining 174,300 RSUs did not vest and were cancelled on June 30, 2025 and January 22, 2026, respectively. The shares of common stock are held directly by Concord International, Inc. Mr. Reynolds is the majority shareholder of Concord International, Inc. and shares voting and dispositive control over the shares of common stock held by Concord International, Inc.