Michael F. Angelo, a director at VirnetX Holding Corp, has sold 1,000 shares of the company's common stock. This transaction occurred on September 30, 2026, at an average price of $10.255 per share. The sale reflects ongoing management activity and strategic financial planning within the company.
VirnetX Holding Corp, identified by CIK 0001082324, operates in the patent industry. The company is known for its focus on patent ownership and licensing, which falls under the Standard Industrial Classification of Patent Owners & Lessors. It is incorporated in Delaware and has its fiscal year ending on December 31.
According to the recent SEC filing, the sale was executed under a Rule 10b5-1 trading plan that was adopted on May 20, 2026. Following this transaction, Angelo retains ownership of 28,209 shares of VirnetX.
This sale may impact shareholders and potential investors as it reflects the director's confidence in the company's future while also indicating a strategic move to liquidate a portion of his holdings.
The filing does not say what happens next.
The transaction was executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for buying or selling stocks, thereby reducing the risk of accusations of insider trading. This particular plan was adopted by Angelo on May 20, 2026, indicating a structured approach to managing his stock holdings.
Following the sale, Angelo now holds a total of 28,209 shares of VirnetX, reflecting a direct ownership stake in the company. The filing also notes that the sale price of $10.255 per share is a weighted average, with actual sales prices ranging from $10.00 to $10.56 per share. This detail underscores the variability in stock transactions and provides insight into the pricing strategy employed during the sale.
Additionally, the filing confirms that Angelo is a director of the company, which positions him in a significant role regarding corporate governance and strategic decision-making. However, the filing does not provide further details on any future plans or intentions regarding his remaining shares or potential upcoming transactions.