Form 4: VirnetX Director Gary Feiner Receives Stock Grant

Director Gary Feiner acquired 7,500 shares of VirnetX Holding Corp common stock via a restricted stock grant.

Summary

• Director Gary Feiner was granted 7,500 shares of common stock on June 11, 2026.
• The shares are classified as restricted stock under the company's 2013 Equity Incentive Plan.
• Following this transaction, the director's total beneficial ownership increased to 24,374 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries neutral sentiment for the stock price.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• The grant results in minor dilution to existing shareholders.

Risks

• Vesting is contingent upon the director maintaining continuous status as a Service Provider.
• Potential for accelerated vesting upon a Change in Control event.

Future Outlook

The restricted stock is scheduled to vest on the earlier of the one-year anniversary of the grant date or the day prior to the 2027 annual meeting of stockholders.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices intended to incentivize long-term oversight and alignment with shareholder value in the technology and cybersecurity sectors.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) for director compensation is consistent with standard practices for small-cap technology firms.
• Vesting schedules tied to annual meetings are common in the industry to ensure continuity of board service.

Corporate Governance

Stakeholder Impact

• Shareholders experience minor dilution from the issuance of new shares.

Next Steps

• Vesting of the 7,500 shares on the earlier of June 11, 2027, or the day before the 2027 annual meeting.

Key Dates

Keywords

VirnetX, VHC, Insider Trading, Form 4, Equity Incentive Plan, Director Compensation