Company: VHC
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0001140361-25-015742
Chunk: 48

Company: VirnetX Holding Corp
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 48
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1) | The aggregate market value is computed by multiplying (i) the number of shares of our common stock underlying unvested and outstanding stock options on December 31, 2024, that would become vested by (ii) the positive difference, if any, between $7.85 (the closing market price of our common stock on the NYSE on December 31, 2024, the last trading day in 2024) and the exercise price of such option. Because no options had an exercise price below $7.85, there would have been no value associated with their acceleration. |

| (2) | The aggregate market value is computed by multiplying (i) the number of unvested shares of our common stock subject to outstanding RSA and RSU awards on December 31, 2024 that would become vested by (ii) $7.85 (the closing market price of our common stock on NYSE on December 31, 2024, the last trading day in 2024). |

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TABLE OF CONTENTS

PAY VERSUS PERFORMANCE In 2022, the SEC released its final rules requiring that the “pay versus performance” disclosure codified in the Dodd-Frank Act of 2010 be provided by companies filing proxy and information statements regarding executive compensation. The rules require a disclosure of “compensation actually paid” to the principal executive officer (“PEO”) and named executive officers (“NEOs”) other than the PEO, as well certain other required disclosure. Compensation “actually paid” has a specific formula set forth in the rules. The following table sets forth such pay versus performance information:

| Year |     |         Summary 
    Compensation 
 Table Total for 
          PEO(1) |     |     Compensation 
 Actually Paid to 
           PEO(4) |     |        Average 
        Summary 
   Compensation 
 Table for Non- 
    PEO NEOs(1) |     |          Average 
     Compensation 
 Actually Paid to 
  Non-PEO NEOs(4) |     | Total Shareholder 
   Return of Fixed 
              $100 
     Investment(2) |     | Net Income    
 (Loss)(3)     |
| 2024 |     |      $1,795,746 |     |       $1,906,614 |     |       $832,088 |     |         $890,040 |     |            $22.77 |     | $(18,175,000) |