Sandy Fliderman - 28 Feb 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role: Chief Technology Officer
Signature: /s/ Margaret Gezerlis, Attorney-in-Fact for Sandy Fliderman
Issuer symbol: VRME
Transactions as of: 28 Feb 2022
Net transactions value: +$13,450
Form type: 4
Filing time: 02 Mar 2022, 15:35:03 UTC
Previous filing: 18 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VRME	Common Stock, par value $0.001 per share	Award	$13,450	+5,000	+53%	$2.69	14,500	28 Feb 2022	Direct	F1
holding	VRME	Common Stock, par value $0.001 per share						33,614	28 Feb 2022	By Industry Private Capital LLC

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
holding	VRME	Restricted Stock Units						9,375	28 Feb 2022	Common Stock, par value $0.001 per share	9,375	$0.000000	Direct	F2, F3
holding	VRME	Warrant (Right to Buy)						25,614	28 Feb 2022	Common Stock, par value $0.001 per share	25,614	$4.60	By Industry Private Capital LLC

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

Explanation of Responses:

Id	Content
F1	These shares were acquired under the VerifyMe, Inc. 2021 Stock Purchase Plan in a transaction exempt under Rule 16b-3(d).
F2	These restricted stock units, which convert into common stock on a one-for-one basis, vest on 2/16/2024 in two equal tranches, except as otherwise provided in the award notice. Tranch 1 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $5.00 for 20 consecutive trading days, Tranch 1 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $5.00 for 20 consecutive trading days.
F3	(Continued from footnote 2) Tranch 2 will vest on the second anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days. In the event that the issuer's common stock during such period does not reach $7.00 for 20 consecutive trading days, Tranch 2 will vest on the third anniversary of the date of grant if the issuer's common stock during such period was at or above $7.00 for 20 consecutive trading days.