Christopher P. Gardner - 20 Apr 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Christopher P. Gardner
Issuer symbol
VRME
Transactions as of
20 Apr 2023
Net transactions value
$0
Form type
4
Filing time
24 Apr 2023, 16:32:06 UTC
Previous filing
19 Sep 2022
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 Award $0 +35,511 +25% $0.000000 179,182 20 Apr 2023 Direct F1, F2

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 7,000 20 Apr 2023 Common Stock, par value $0.001 7,000 $0.000000 Direct F3
holding VRME Warrant (Right to Buy) 15,552 20 Apr 2023 Common Stock, par value $0.001 15,552 $3.22 Direct
holding VRME Stock Option (Right to Buy) 10,000 20 Apr 2023 Common Stock, par value $0.001 10,000 $3.50 Direct F4
holding VRME Stock Option (Right to Buy) 10,000 20 Apr 2023 Common Stock, par value $0.001 10,000 $3.50 Direct F4
holding VRME Warrant (Right to Buy) 16,009 20 Apr 2023 Common Stock, par value $0.001 16,009 $4.60 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This restricted stock award was granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exemption under Rule 16b-3 and, except as otherwise provided in the award notice, vests on June 6, 2023, subject to continuous service as a member of the board of directors.
F2 Includes 43,002 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.
F3 These restricted stock units, which convert into common stock on a one-for-one basis, vest on June 6, 2023, 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.
F4 This option has fully vested as of the date of this report.