---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-014671"
form_type: "8-K"
ticker: "VHC"
cik: "0001082324"
company_name: "VirnetX Holding Corp"
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T08:53:45.135493+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# VirnetX declares $1.00 special dividend, commits to distribute 80% of Apple litigation proceeds

## Summary
- Special dividend of $1.00 per share payable April 17, 2023 to record April 10, 2023; aggregate ~$71.4M.
- Company committed to distribute 80% of net proceeds from Apple litigation (over $500M jury award on appeal).
- Cooperation agreement with Radoff/JEC Group (owns ~6.6%) includes standstill and withdrawal of director nominations.
- Company to add new independent director within 12 months for board diversity.
- Over $165M distributed to shareholders including this dividend.

## SEC filing metadata
- accession: 0001140361-23-014671
- form_type: 8-K
- ticker: VHC
- cik: 0001082324
- company_name: VirnetX Holding Corp
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1082324/000114036123014671/0001140361-23-014671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1082324/000114036123014671/brhc10050639_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-014671
- JSON: https://secwatch.observer/filing/0001140361-23-014671.json
- Plain text: https://secwatch.observer/filing/0001140361-23-014671.txt

## Key facts
- Material Agreements
  VirnetX Holding Corp entered into Agreement with The Radoff Family Foundation, Bradley L. Radoff, JEC II Associates, LLC, Michael Torok (collectively, the "Radoff/JEC Group") (effective 2023-03-29).
  - Action: entry
  - Counterparty: The Radoff Family Foundation, Bradley L. Radoff, JEC II Associates, LLC, Michael Torok (collectively, the "Radoff/JEC Group")
  - Effective: 2023-03-29
  source text: On March 29, 2023, VirnetX Holding Corporation (the " Company ") entered into a cooperation letter agreement (the " Agreement ") with The Radoff Family Foundation, Bradley L. Radoff, JEC II Associates, LLC, Michael Torok (collectively, the " Radoff/JEC Group ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1082324/000114036123014671/0001140361-23-014671-index.htm

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