Form 4: VirnetX COO Darl C. McBride Reports Tax Withholding Transaction
SEC Form 4 Filing
Darl C. McBride, Chief Operating Officer of VirnetX Holding Corp, reports the withholding of shares by the issuer to cover income tax obligations related to restricted stock awards.
Summary
- On January 31, 2024, Darl C. McBride, the Chief Operating Officer of VirnetX Holding Corp, had 2,135 shares of common stock withheld by the issuer to satisfy income tax obligations.
- The price per share was $6.49.
- Following the transaction, McBride directly owns 5,834 shares of VirnetX Holding Corp.
- This transaction does not represent a sale by the reporting person.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Date of transaction where shares were withheld for tax obligations. |
| 04/25/2024 | Date of signature on the Form 4 filing. |
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