{
  "id": 7449154,
  "title": "VirnetX CEO Kendall Larsen sells $232,292 in common stock",
  "url": "https://urgent.news/2026/09/15/virnetx-ceo-kendall-larsen-sells-232-292-in-common-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-15T02:15:59.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/virnetx-ceo-kendall-larsen-sells-232292-in-common-stock-93CH-4900737"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [
    "CEO Kendall Larsen sold 20,425 shares worth $232,292 between Sep 10-14, 2026",
    "Sales executed via pre-set Rule 10b5-1 plan in three equal segments",
    "Larsen still owns 339,633 shares directly, indirectly holds 130,325 shares"
  ],
  "editors_take": "CEO Kendall Larsen's stock sale, executed through a pre-established trading plan, suggests a possible strategic repositioning of his holdings even as the company secures new defense and intelligence community opportunities.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Shoulder innovations CEO Robert Ball sells $187,706 in stock",
        "url": "https://urgent.news/2026/09/15/shoulder-innovations-ceo-robert-ball-sells-187-706-in-stock",
        "published": "2026-09-15T02:01:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}