---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-019117"
form_type: "8-K"
ticker: "VHC"
cik: "0001082324"
company_name: "VirnetX Holding Corp"
filed_at: "2022-05-13T23:59:59+00:00"
generated_at: "2026-06-25T16:15:00.498544+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# VirnetX restating 2021 financials; $3M deferred tax asset error, material weakness in internal controls

## Summary
- $3 million error in deferred tax assets due to expired nonqualified stock options incorrectly included.
- Restatement will reduce income tax benefit by $3M for FY 2021; no cash or operating expense impact.
- Material weakness identified in internal controls over deferred tax accounting; remediation plan underway.
- Amended 10-K expected to be filed with SEC by May 13, 2022.
- Audit Committee concluded previously issued 2021 financials should no longer be relied upon.

## SEC filing metadata
- accession: 0001140361-22-019117
- form_type: 8-K
- ticker: VHC
- cik: 0001082324
- company_name: VirnetX Holding Corp
- filed_at: 2022-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1082324/000114036122019117/0001140361-22-019117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1082324/000114036122019117/brhc10037620_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-019117
- JSON: https://secwatch.observer/filing/0001140361-22-019117.json
- Plain text: https://secwatch.observer/filing/0001140361-22-019117.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.