Tax withholding on VolitionRx (VNRX) shares for officer via RSU settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VolitionRx Ltd reported that officer Rodney Gerard Rootsaert had 3,321 shares of common stock withheld and retained by the company for cancellation to cover tax obligations arising from the settlement of 7,908 restricted stock units that had been awarded in lieu of cash compensation. The filing specifies that no shares were sold by either the officer or VolitionRx in this transaction. After this tax-withholding event, Rootsaert directly holds 277,941 shares of common stock and indirectly is reported as having voting and dispositive control over 1,007,718 shares held by Concord International, Inc.
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 | 3,321 | $0.213 | $707.37 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 277,941 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 7,908 restricted stock units that were awarded in lieu of cash compensation that would otherwise have been owed to the reporting person. 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 officer Rodney Rootsaert. The company retained and cancelled 3,321 common shares to satisfy tax obligations from settling 7,908 restricted stock units awarded instead of cash compensation.
What indirect VolitionRx (VNRX) holdings are reported for Concord International, Inc.?
The filing shows 1,007,718 VolitionRx common shares held by Concord International, Inc. Rodney Rootsaert is a controlling director of Concord and shares voting and dispositive control over these indirectly held shares of the company.