Adam Stedham - Jun 28, 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 28, 2023
Transactions value $: $13,100
Form type: 4
Date filed: 6/29/2023, 04:25 PM
Previous filing: Jun 20, 2023
Next filing: Aug 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	Purchase	$13.1K	+10K	+10.31%	$1.31	107K	Jun 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						204K	Jun 28, 2023	Common Stock, par value $0.001 per share	204K	$0.00	Direct	F2
holding	VRME	Restricted Stock Units						550K	Jun 28, 2023	Common Stock, par value $0.001 per share	550K	$0.00	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	These restricted stock units, which convert into common stock on a one-for-one basis, vest in three equal annual installments on each of 6/19/2024, 6/19/2025 and 6/19/2026, 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 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.