Tax withholding reduces VolitionRx (NYSE: VNRX) secretary’s share count
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VolitionRx Ltd secretary Rodney Gerard Rootsaert reported a compensation-related tax withholding event. VolitionRx retained and cancelled 3,948 shares of common stock at $0.19 per share to satisfy tax obligations triggered by the settlement of 9,400 restricted stock units, and no shares were sold by him or the company in this transaction. After the withholding, he holds 273,993 shares directly and 1,007,718 shares indirectly through Concord International, Inc., where he is a controlling director sharing voting and dispositive control.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rootsaert Rodney Gerard
Role
Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,948 | $0.19 | $750.12 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 273,993 shares (Direct);
Common Stock — 1,007,718 shares (Indirect, By Concord International, Inc.)
Footnotes (1)
- Represents the aggregate number of shares of common stock retained by VolitionRx for cancellation to satisfy the tax withholding obligations of the reporting person upon settlement of 9,400 restricted stock units. No shares were sold by the reporting person or VolitionRx in such transaction. The shares of common stock are held directly by Concord International, Inc. The reporting person is a controlling director of Concord International, Inc. and shares voting and dispositive control over the shares of common stock held by Concord International, Inc.
FAQ
What insider transaction did VolitionRx (VNRX) report for Rodney Rootsaert?
VolitionRx reported a tax-related share withholding for secretary Rodney Rootsaert. The company retained and cancelled shares to cover his tax obligations on vested restricted stock units, rather than an open-market buy or sell, so no trading decision was involved.
What does the ‘F’ code mean in this VolitionRx (VNRX) Form 4 filing?
The ‘F’ code indicates shares were disposed of to pay tax obligations or exercise costs. Here, VolitionRx kept and cancelled 3,948 shares to cover Rodney Rootsaert’s tax withholding on settled restricted stock units, rather than executing an open-market sale transaction.