Jack Wang - 22 Apr 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Reporting relationship: CIO, PeriShip Global LLC
Issuer ticker: VRME
Reported as of: 22 Apr 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 02 May 2022, 16:39:32 UTC
Next SEC filing: 13 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Margaret Gezerlis, Attorney-in-Fact for Jack Wang

Key filing fact

Jack Wang filed Form 4 for VerifyMe, Inc. (VRME) on 02 May 2022.

Key facts

This page summarizes Jack Wang's Form 4 filing for VerifyMe, Inc. (VRME).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 02 May 2022, 16:39.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VRME transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +59,248
Change %
Price: $0.000000
Shares after: 59,248
Date: 22 Apr 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.001 per share
Underlying amount: 59,248
Exercise price: $0.000000
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on 4/22/2024 in two equal tranches. 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.

Footnote F2

(Continued from footnote 1) 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.