Scott Greenberg - May 23, 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Executive Chairman, Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Scott Greenberg
Stock symbol
VRME
Transactions as of
May 23, 2022
Transactions value $
$4,840
Form type
4
Date filed
5/25/2022, 04:04 PM
Previous filing
Apr 14, 2022
Next filing
Jan 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRME Common Stock, par value $0.001 Purchase $4.84K +2K +2.42% $2.42 84.8K May 23, 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 Warrant (Right to Buy) 15.6K May 23, 2022 Common Stock, par value $0.001 15.6K $3.22 Direct
holding VRME Restricted Stock Units 30K May 23, 2022 Common Stock, par value $0.001 30K $0.00 Direct F2, F3
holding VRME Restricted Stock Units 39.3K May 23, 2022 Common Stock, par value $0.001 39.3K $0.00 Direct F4
holding VRME Stock Option (Right to Buy) 10K May 23, 2022 Common Stock, par value $0.001 10K $3.51 Direct F5
holding VRME Warrant (Right to Buy) 6.4K May 23, 2022 Common Stock, par value $0.001 6.4K $4.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 29,002 vested restricted stock units that become payable, on a one-for-one basis, in shares of common stock of VerifyMe, Inc. upon separation of the Reporting Person's service as a director.
F2 These restricted stock units, which convert into common stock on a one-for-one basis, vest on 4/7/2024 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 These restricted stock units, which convert into common stock on a one-for-one basis, vest on 1/1/2023, except as otherwise provided in the award notice, subject to continuous service as a member of the board of directors, and become payable upon separation of the Reporting Person's service as a director.
F5 This option is fully exercisable as of the date of this report.