Terig Hughes - Jun 23, 2022 Form 4 Insider Report for VOLITIONRX LTD (VNRX)

Role: Chief Financial Officer
Signature: /s/ Terig Hughes
Stock symbol: VNRX
Transactions as of: Jun 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/24/2022, 04:01 PM
Previous filing: Apr 8, 2022
Next filing: Oct 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VNRX	Common Stock	Award	$0	+20K	+185.71%	$0.00	30.7K	Jun 23, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	VNRX	Stock Option (Right to Buy)	Award	$0	+36.8K	+185.72%	$0.00	56.6K	Jun 23, 2022	Common Stock	36.8K	$3.40	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 3, 2021, the reporting person was awarded 30,740 restricted stock units, subject to vesting upon achievement of certain corporate performance goals on or prior to July 1, 2022 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 19,981 restricted stock units vesting. The restricted stock units are further subject to a 2-year time-based vesting schedule, vesting in two installments of 9,991 units and 9,990 units on each of August 3, 2022 and August 3, 2023, respectively. Upon vesting and settlement, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. As reported in April 2022, the rights with respect to the remaining 10,759 restricted stock units subject to the award previously vested and remain subject to time-based vesting.
F2	On August 3, 2021, the reporting person was granted an option to purchase 56,647 shares of common stock, subject to vesting upon achievement of certain corporate performance goals on or prior to July 1, 2022 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 36,821 shares vesting. The vested shares are further subject to a 2-year time based vesting schedule, vesting in two installments of 18,411 shares and 18,410 shares on each of August 3, 2022 and August 3, 2023, respectively. As reported in April 2022, the rights with respect to the remaining 19,826 shares subject to the award previously vested and remain subject to time-based vesting.

Content

On August 3, 2021, the reporting person was awarded 30,740 restricted stock units, subject to vesting upon achievement of certain corporate performance goals on or prior to July 1, 2022 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 19,981 restricted stock units vesting. The restricted stock units are further subject to a 2-year time-based vesting schedule, vesting in two installments of 9,991 units and 9,990 units on each of August 3, 2022 and August 3, 2023, respectively. Upon vesting and settlement, the reporting person will receive a number of shares of common stock equal to the number of restricted stock units that have vested. As reported in April 2022, the rights with respect to the remaining 10,759 restricted stock units subject to the award previously vested and remain subject to time-based vesting.

On August 3, 2021, the reporting person was granted an option to purchase 56,647 shares of common stock, subject to vesting upon achievement of certain corporate performance goals on or prior to July 1, 2022 and also subject to time-based vesting. Certain of the performance goals were met, resulting in the rights with respect to 36,821 shares vesting. The vested shares are further subject to a 2-year time based vesting schedule, vesting in two installments of 18,411 shares and 18,410 shares on each of August 3, 2022 and August 3, 2023, respectively. As reported in April 2022, the rights with respect to the remaining 19,826 shares subject to the award previously vested and remain subject to time-based vesting.