Keith Goldstein - Aug 31, 2022 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
President and COO
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Keith Goldstein
Stock symbol
VRME
Transactions as of
Aug 31, 2022
Transactions value $
$5,874
Form type
4
Date filed
9/1/2022, 04:39 PM
Previous filing
Mar 2, 2022
Next filing
Jul 31, 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 Award $5.87K +4.9K +32.63% $1.20 19.9K Aug 31, 2022 Direct F1
holding VRME Common Stock, par value $0.001 per share 5K Aug 31, 2022 By POC Advisory Group, LLC F2, F3

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 51.4K Aug 31, 2022 Common Stock, par value $0.001 per share 51.4K $0.00 Direct F4, F5
holding VRME Stock Option (Right to Buy) 20K Aug 31, 2022 Common Stock, par value $0.001 per share 20K $9.75 By POC Advisory Group, LLC F6
holding VRME Stock Option (Right to Buy 20K Aug 31, 2022 Common Stock, par value $0.001 per share 20K $10.51 By POC Advisory Group, LLC F6
holding VRME Stock Option (Right to Buy) 40K Aug 31, 2022 Common Stock, par value $0.001 per share 40K $2.00 By POC Advisory Group, LLC F6
* 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 shares were previously reported as being held directly.
F3 Mr. Goldstein is a Managing Member of POC Advisory Group, LLC.
F4 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.
F5 (Continued from footnote 4) 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.
F6 This option is fully exercisable as of the date of this report.