Sarah E. Farrell - May 22, 2023 Form 4 Insider Report for VERRA MOBILITY Corp (VRRM)

Role
Director
Signature
/s/ Sarah E. Farrell
Stock symbol
VRRM
Transactions as of
May 22, 2023
Transactions value $
$0
Form type
4
Date filed
5/23/2023, 08:59 PM
Previous filing
Aug 8, 2022
Next filing
May 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRRM Class A Common Stock Options Exercise $0 +8.48K +218.73% $0.00 12.4K May 22, 2023 Direct F1, F4

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 VRRM Restricted Stock Units Options Exercise $0 -8.48K -100% $0.00* 0 May 22, 2023 Class A Common Stock 8.48K $0.00 Direct F1, F2, F4
transaction VRRM Restricted Stock Units Award $0 +9.55K $0.00 9.55K May 23, 2023 Class A Common Stock 9.55K $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Verra Mobility Corporation Class A Common Stock.
F2 On August 5, 2022, the Reporting Person was granted 8,480 restricted stock units, vesting in full on the earlier of (a) August 5, 2023, or (b) the date immediately prior to the next annual meeting of the Issuer's stockholders occurring after the date of grant. The Reporting Person is deemed to hold the shares of Class A Common Stock for the benefit of certain funds (the "In-Cap Funds") managed by Inclusive Capital Partners, L.P. ("In-Cap") and indirectly for the benefit of In-Cap, and may, after vesting, if applicable, transfer the shares of Class A Common Stock directly to the In-Cap Funds.
F3 On May 23, 2023, the Reporting Person was granted 9,545 restricted stock units, vesting in full on the earlier of (a) May 23, 2024, or (b) the date immediately prior to the next annual meeting of the Issuer's stockholders occurring after the date of grant. The Reporting Person is deemed to hold the shares of Class A Common Stock for the benefit of the In-Cap Funds managed by In-Cap and indirectly for the benefit of In-Cap, and may, after vesting, if applicable, transfer the shares of Class A Common Stock directly to the In-Cap Funds.
F4 The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of her pecuniary.