Tax withholding leads VolitionRx (VNRX) to cancel 3,196 shares for secretary
Rhea-AI Filing Summary
VolitionRx Ltd. reported a tax-related share withholding for its Secretary, Rodney Gerard Rootsaert. On February 1, 2026, the company retained and cancelled 3,196 shares of common stock at $0.285 per share to cover tax obligations arising from the settlement of 7,611 restricted stock units that had been granted in lieu of cash compensation. No shares were sold by Rootsaert or by VolitionRx in this transaction. After the withholding, Rootsaert beneficially owns 162,262 shares of common stock directly and 1,007,718 shares indirectly through Concord International, Inc., where he is a controlling director sharing voting and dispositive power.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did VolitionRx (VNRX) report for Rodney Gerard Rootsaert?
VolitionRx reported a tax-related share withholding for Secretary Rodney Gerard Rootsaert. The company retained and cancelled 3,196 common shares to satisfy his tax withholding obligations upon settlement of 7,611 restricted stock units that were granted instead of cash compensation.
Did Rodney Gerard Rootsaert sell any VolitionRx (VNRX) shares in this Form 4 filing?
No shares were sold by Rodney Gerard Rootsaert or by VolitionRx. The 3,196 shares were retained and cancelled by the company solely to cover tax withholding obligations tied to the settlement of his restricted stock units.
How many VolitionRx (VNRX) shares does Rodney Gerard Rootsaert own after this transaction?
After the reported tax withholding, Rodney Gerard Rootsaert beneficially owns 162,262 VolitionRx common shares directly. He also has indirect beneficial ownership of 1,007,718 additional shares held by Concord International, Inc., where he serves as a controlling director sharing voting and dispositive power.
What was the price used for the tax withholding shares in the VolitionRx (VNRX) Form 4?
The 3,196 VolitionRx common shares retained and cancelled for tax withholding were valued at $0.285 per share. This price was applied to satisfy the tax obligations arising from the settlement of 7,611 restricted stock units granted to Rodney Gerard Rootsaert.
Why were VolitionRx (VNRX) shares cancelled in Rodney Gerard Rootsaert’s Form 4?
The shares were cancelled to meet tax withholding obligations when 7,611 restricted stock units vested. Instead of selling shares into the market, VolitionRx withheld and cancelled 3,196 shares of common stock on behalf of Rodney Gerard Rootsaert.
How are the indirectly owned VolitionRx (VNRX) shares held for Rodney Gerard Rootsaert?
The indirectly owned 1,007,718 VolitionRx common shares are held by Concord International, Inc. Rodney Gerard Rootsaert is a controlling director of this entity and shares both voting and dispositive control over the shares it holds.