Fred Volk III - Feb 28, 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
VP-Ops, PeriShip Global LLC
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Fred Volk III
Stock symbol
VRME
Transactions as of
Feb 28, 2023
Transactions value $
$960
Form type
4
Date filed
3/2/2023, 03:33 PM
Previous filing
Nov 2, 2022
Next filing
Sep 11, 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 $960 +807 +2.64% $1.19 31.4K Feb 28, 2023 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 40K Feb 28, 2023 Common Stock, par value $0.001 per share 40K $0.00 Direct F2
holding VRME Restricted Stock Units 62.7K Feb 28, 2023 Common Stock, par value $0.001 per share 62.7K $0.00 Direct F3, F4
* 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 restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of the first three anniversaries of the grant date, except as otherwise provided in the award notice.
F3 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.
F4 (Continued from footnote 3) 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.