Form 4: VolitionRx Secretary's Tax Withholding on RSU Settlement

VolitionRx's Secretary, Rodney Gerard Rootsaert, had 3,197 shares withheld by the company to cover tax obligations related to the settlement of restricted stock units.

Summary

• Rodney Gerard Rootsaert, Secretary, Director, and 10% Owner of VolitionRx Ltd (VNRX), reported a transaction on November 1, 2025.
• 3,197 shares of VolitionRx common stock were disposed of at a price of $0.434 per share.
• This disposition was a tax withholding by VolitionRx to satisfy tax obligations upon the settlement of 7,612 restricted stock units (RSUs) awarded to Mr. Rootsaert.
• The RSUs were awarded in lieu of cash compensation that would otherwise have been owed to Mr. Rootsaert.
• No shares were sold by Mr. Rootsaert or VolitionRx in this transaction.
• Following the transaction, Mr. Rootsaert directly beneficially owns 137,258 shares of common stock.
• Mr. Rootsaert indirectly beneficially owns 1,007,718 shares of common stock through Concord International, Inc., where he is a controlling director.

Sentiment

Score: 5

Explanation: The filing describes a routine, non-discretionary transaction related to tax withholding on executive compensation, which is neutral in its immediate impact on the company's strategic or financial position.

Positives

• The transaction reflects the settlement of 7,612 restricted stock units (RSUs) awarded to Mr. Rootsaert, indicating a form of executive compensation.
• The RSUs were awarded in lieu of cash compensation, which could be seen as conserving company cash.

Negatives

• A reduction of 3,197 shares in Mr. Rootsaert's direct beneficial ownership of VolitionRx common stock due to tax withholding.

Future Outlook

N/A

Industry Context

This is a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies that grant equity awards.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting or settlement of restricted stock units is a standard and widely accepted method of managing executive equity compensation in public companies, aligning with common corporate governance practices.

Related Party Transactions

• Rodney Gerard Rootsaert indirectly beneficially owns 1,007,718 shares of common stock through Concord International, Inc., where he is a controlling director and shares voting and dispositive control over these shares.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine tax-related transaction, not a discretionary sale by the insider.
• Employees: No direct impact on general employees.

Key Dates

Recommendation

This Form 4 filing details a routine tax withholding event related to the settlement of restricted stock units for an executive. It does not reflect a discretionary sale or purchase, nor does it provide new information about the company's operational performance, financial health, or strategic direction. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

VNRX, VolitionRx, Form 4, Insider Transaction, RSU, Tax Withholding, Rodney Gerard Rootsaert, Equity Compensation