Home / Going-concern warnings / VirnetX Holding Corp
Filed 2026-08-14 路 Form 10-Q 路 Accession 0001140361-26-033140 micro
Price before filing: $15.49 (2026-08-13 close, split/dividend-adjusted)
Market cap at flag: $56.5M (2026-08-14) 路 Latest: $38.2M (2026-10-16)
| Window | VHC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -28.5% | -2.2% | -26.4% | 2026-09-14 |
| 90 days | pending | pending | until 2026-11-12 | |
| 180 days | pending | pending | until 2027-02-10 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 2 insiders sold $429K (9 sales)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-08-14: red flag filed | |||||||
| 2026-08-31 | Feiner Gary Director | Sale | 3,749 | $11.17 | $42K | yes | Form 4 |
| 2026-08-31 | Feiner Gary Director | Sale | 1 | $12.03 | $12 | yes | Form 4 |
| 2026-08-31 | Larsen Kendall President & CEO, Director, 10% owner | Sale | 5,000 | $11.17 | $56K | yes | Form 4 |
| 2026-09-01 | Feiner Gary Director | Sale | 3,750 | $11.00 | $41K | yes | Form 4 |
| 2026-09-01 | Larsen Kendall President & CEO, Director, 10% owner | Sale | 5,000 | $11.00 | $55K | yes | Form 4 |
| 2026-09-02 | Larsen Kendall President & CEO, Director, 10% owner | Sale | 4,057 | $11.43 | $46K | yes | Form 4 |
| 2026-09-02 | Larsen Kendall President & CEO, Director, 10% owner | Sale | 518 | $12.13 | $6K | yes | Form 4 |
| 2026-09-10 | Larsen Kendall President & CEO, Director, 10% owner | Sale | 8,000 | $11.48 | $92K | yes | Form 4 |
| 2026-09-11 | Larsen Kendall President & CEO, Director, 10% owner | Sale | 8,000 | $11.37 | $91K | yes | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-05-16 to 2026-09-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"As such, there is substantial doubt about the Company's ability to continue as a going concern."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2026-06-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.
Subscribe to the newsletter →
The signup form didn't load here (often an ad or privacy blocker). This opens beehiiv's secure signup page.
Form not showing? Subscribe on beehiiv →
Newsletter delivered by beehiiv. See our privacy policy.