Adam Stedham - Jun 19, 2023 Form 4 Insider Report for VerifyMe, Inc. (VRME)

Role
Chief Executive Officer, Director
Signature
/s/ Margaret Gezerlis, Attorney-in-Fact for Adam Stedham
Stock symbol
VRME
Transactions as of
Jun 19, 2023
Transactions value $
$0
Form type
4
Date filed
6/20/2023, 04:30 PM
Previous filing
Jun 16, 2023
Next filing
Jun 29, 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 $0 +34K +54% $0.00 97K Jun 19, 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
transaction VRME Restricted Stock Units Award $0 +204K $0.00 204K Jun 19, 2023 Common Stock, par value $0.001 per share 204K $0.00 Direct F3
transaction VRME Restricted Stock Units Award $0 +550K $0.00 550K Jun 19, 2023 Common Stock, par value $0.001 per share 550K $0.00 Direct F4
* 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 exempt under Rule 16b-3 and vested immediately upon grant.
F2 Includes 28,592 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, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest in three equal annual installments on each of 6/19/2024, 6/19/2025 and 6/19/2026.
F4 These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the VerifyMe, Inc. 2020 Equity Incentive Plan in a transaction exempt under Rule 16b-3, vest in three tranches, except as otherwise provided in the award notice. Tranche 1 will vest 150,000 shares of common stock on or after the first anniversary of the grant date if the price of the Issuer's common stock is $2.21 per share and trades at or above that price for 20 consecutive days. Tranche 2 will vest 200,000 shares of common stock on or after the second anniversary of the grant date if the Issuer's common stock trades at or above $2.94 per share for 20 consecutive trading days. Tranche 3 will vest 200,000 shares of common stock on the fourth anniversary of the grant date if the Issuer's common stock trades at or above $3.68 per share for 20 consecutive trading days.