Margaret Gezerlis - Apr 15, 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Executive Vice President & CFO
Signature
/s/ Margaret Gezerlis
Stock symbol
VRME
Transactions as of
Apr 15, 2022
Transactions value $
-$2,475
Form type
4
Date filed
4/19/2022, 04:26 PM
Previous filing
Feb 18, 2022
Next filing
Jul 24, 2023

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 Tax liability -$2.48K -750 -8.11% $3.30 8.5K Apr 15, 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
holding VRME Restricted Stock Units 28.1K Apr 15, 2022 Common Stock, par value $0.001 per share 28.1K $0.00 Direct F2, F3
holding VRME Stock Option (Right to Buy) 4K Apr 15, 2022 Common Stock, par value $0.001 per share 4K $3.51 Direct F4
holding VRME Stock Option (Right to Buy) 2K Apr 15, 2022 Common Stock, par value $0.001 per share 2K $16.05 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to cover tax withholding obligations on the vesting of restricted stock.
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.
F4 This option is fully exercisable as of the date of this report.