Form 4: Director Michael F. Angelo Receives VirnetX Equity Grant

Director Michael F. Angelo was granted 7,500 shares of restricted common stock in VirnetX Holding Corp.

Summary

• Director Michael F. Angelo acquired 7,500 shares of restricted common stock on June 11, 2026.
• The shares were granted at a price of $0 per share as part of an equity incentive plan.
• Following this transaction, the director's total beneficial ownership of common stock is 29,209 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of immediate market impact.

Positives

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

Negatives

• None noted.

Risks

• Vesting is contingent upon the director maintaining continuous status as a Service Provider.
• Potential for dilution if equity grants are issued frequently.

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, subject to continued service.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice to ensure long-term alignment with shareholder value in the technology and software sector.

Comparison to Industry Standards

• The grant of restricted stock to directors is consistent with standard compensation practices for small-cap technology firms.
• Vesting schedules tied to annual meetings are common practice to ensure director retention through the proxy cycle.

Corporate Governance

Stakeholder Impact

• Shareholders: Minor dilution impact; alignment of director incentives with company performance.

Next Steps

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

Key Dates

Keywords

VirnetX, VHC, Form 4, Insider Trading, Equity Grant, Director Compensation