VirnetX CEO Kendall Larsen sells $232,292 in common stock

VirnetX CEO Kendall Larsen divested 20,425 shares of common stock, amounting to approximately $232,292, between September 10 and September 14, 2026, via a pre-established Rule 10b5-1 trading plan. The sales were executed in three segments: 8,000 shares on September 10 at an average price of $11.483 per share, an additional 8,000 shares on September 11 at $11.373 per share, and 4,425 shares on September 14 at $11.174 per share.

This sequence of transactions, resulting in a total of $232,292, coincides with a recent 6% decline in VirnetX stock over the past week and a 32% drop over the last six months, according to InvestingPro data. The current stock price of $11.07 is deemed overvalued by InvestingPro, placing it on the platform's overvalued stocks watchlist.

Post-transactions, Larsen still owns 339,633 shares directly and indirectly holds a total of 130,325 shares through various entities. Meanwhile, VirnetX Holding Corporation announced that its Utah facility has received a Facility Security Clearance, enabling the company to work on classified projects for the Department of Defense and Intelligence Community, potentially expanding its reach in secure communications and cybersecurity solutions.