Curt Harris Kole - 28 Feb 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role: EVP-Sales, PeriShip Global LLC
Signature: /s/ Margaret Gezerlis, Attorney-in-Fact for Curt Kole
Issuer symbol: VRME
Transactions as of: 28 Feb 2023
Net transactions value: +$9,520
Form type: 4
Filing time: 02 Mar 2023, 15:34:08 UTC
Previous filing: 02 Nov 2022
Next filing: 24 Jul 2023
SEC: View on sec.gov

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	$9,520	+8,000		$1.19	8,000	28 Feb 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						60,000	28 Feb 2023	Common stock, par value $0.001 per share	60,000	$0.000000	Direct	F2
holding	VRME	Restricted Stock Units						72,100	28 Feb 2023	Common Stock, par value $0.001 per share	72,100	$0.000000	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.