Company: VHC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001140361-25-015742
Chunk: 45

Company: VirnetX Holding Corp
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 45
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) | The amounts in this column reflect the aggregate grant date fair value of the stock awards and option awards computed in accordance with Financial Accounting Standards Board’s Accounting Standards Codification Topic 718, or FASB ASC Topic 718. The Company calculates the fair value of RSAs based on the fair market value of the Company’s common stock on the grant date. There can be no assurance that these amounts will ever be realized. For information on the valuation assumptions used in valuing these stock option awards, refer to Note 6 titled “Stock-Based Compensation” in the Notes to the Financial Statements contained in the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2024. |

| (2) | Reflects payment of $63,189 for accrued, but unused vacation in 2024 for Mr. Larsen. |

| (3) | Reflects (i) Additional Payments (as defined below) of $826,667, $1,437,337, and $130,000 for Mr. Larsen, Dr. Short and Ms. Allanson, respectively, and (ii) payments for accrued, but unused vacation in 2023 of $60,759 and $24,072 for Mr. Larsen and Dr. Short, respectively. In March 2023, the Board declared a special cash dividend to stockholders of record as of the close of business on April 10, 2023 of $1.00 per share of common stock on a pre-split basis, payable on April 17, 2023. The Board approved a cash payment of $1.00 per share also on a pre-split basis to each holder of outstanding awards as of April 10, 2023 (the “Additional Payment”). |

| (4) | Reflects payment of $13,800 and $13,414, which are employer contributions to the Company’s 401(k) plan in 2024 Dr. Short and Ms. Allanson, respectively. |

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TABLE OF CONTENTS

Outstanding Equity Awards at 2024 Fiscal Year End The following table shows all outstanding equity awards held by the named executive officers as of December 31, 2024.

|                           |           |     | Option Awards   |       |     |                 |         |     |          |           |     |            |           |     | Stock Awards |             |     |              |
| Name                      |           |     | 

# of Securities 
 Underlying      
 Unex