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: 13 May 2022, 16:31.
Jack Wang - 12 May 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)
- Reporting relationship
- CIO, PeriShip Global LLC
- Issuer ticker
- VRME
- Reported as of
- 12 May 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 13 May 2022, 16:31:10 UTC
- Prior SEC filing
- 02 May 2022
- Next SEC filing
- 02 Nov 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Margaret Gezerlis, Attorney-in-Fact for Jack Wang
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Jack Wang filed Form 4 for VerifyMe, Inc. (VRME) on 13 May 2022.
Change
- Previous filing in this sequence was filed on 02 May 2022.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VRME
transaction
Common Stock, par value $0.001 per share
Other
- Transaction value
- Shares
- +15,274
- Change %
- Price
- Shares after
- 15,274
- Date
- 12 May 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VRME
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 59,248
- Date
- 12 May 2022
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.001 per share
- Underlying amount
- 59,248
- Exercise price
- $0.000000
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On April 22, 2022, the issuer and PeriShip Global LLC, the issuer's wholly-owned subsidiary ("PeriShip Global") entered into an asset purchase agreement (the "Agreement") with PeriShip, LLC (PeriShip) and PeriShip's founder (the "Founder"). Pursuant to the Agreement, PeriShip Global paid stock consideration equaling $1,000,000 (the "Stock Consideration") to PeriShip. As part of the reporting person's transaction bonus, PeriShip and the Founder assigned shares to the reporting person equaling 5% of the Stock Consideration. The transfer of shares was effectuated on 5/12/2022.
Footnote F2
These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/22/2024 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.
Footnote 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.